CenterBook Partners LP Purchases Shares of 640,586 Orion Group Holdings, Inc. (NYSE:ORN)

CenterBook Partners LP acquired a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 640,586 shares of the construction company's stock, valued at approximately $4,695,000. CenterBook Partners LP owned 1.65% of Orion Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORN. Heck Capital Advisors LLC purchased a new stake in shares of Orion Group during the 4th quarter worth about $49,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Orion Group by 1,936.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock valued at $69,000 after acquiring an additional 8,965 shares during the period. Perritt Capital Management Inc acquired a new position in shares of Orion Group during the fourth quarter worth about $73,000. Aigen Investment Management LP acquired a new stake in Orion Group in the fourth quarter valued at approximately $80,000. Finally, Raymond James Financial Inc. purchased a new stake in Orion Group during the 4th quarter worth $88,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Analysts Set New Price Targets

ORN has been the topic of several analyst reports. DA Davidson initiated coverage on Orion Group in a report on Friday, January 17th. They set a "buy" rating and a $11.00 price objective on the stock. StockNews.com downgraded shares of Orion Group from a "buy" rating to a "hold" rating in a report on Sunday, March 23rd. Finally, B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th.

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Orion Group Price Performance

Shares of NYSE ORN traded down $0.06 during midday trading on Monday, reaching $5.69. The company's stock had a trading volume of 54,111 shares, compared to its average volume of 451,864. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The company has a market cap of $220.97 million, a price-to-earnings ratio of -14.22, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. Orion Group Holdings, Inc. has a one year low of $4.20 and a one year high of $12.12. The company has a 50 day moving average price of $6.37 and a 200 day moving average price of $6.99.

Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The company had revenue of $216.88 million during the quarter, compared to analysts' expectations of $271.70 million. During the same period last year, the company posted $0.08 earnings per share. On average, equities research analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Orion Group Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.