Hillsdale Investment Management Inc. Purchases New Shares in Orion Group Holdings, Inc. (NYSE:ORN)

Hillsdale Investment Management Inc. bought a new stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 396,633 shares of the construction company's stock, valued at approximately $2,907,000. Hillsdale Investment Management Inc. owned about 1.02% of Orion Group at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brandes Investment Partners LP grew its stake in shares of Orion Group by 3.8% in the fourth quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company's stock worth $25,143,000 after purchasing an additional 126,696 shares during the last quarter. Royce & Associates LP lifted its holdings in Orion Group by 15.6% during the 4th quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company's stock worth $14,833,000 after buying an additional 273,760 shares during the period. Portolan Capital Management LLC grew its position in shares of Orion Group by 56.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company's stock valued at $11,455,000 after buying an additional 717,533 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Orion Group by 1.5% in the third quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company's stock valued at $3,907,000 after buying an additional 10,098 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Orion Group by 9.1% in the fourth quarter. American Century Companies Inc. now owns 676,098 shares of the construction company's stock valued at $4,956,000 after buying an additional 56,154 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts recently commented on the company. B. Riley upgraded Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. DA Davidson assumed coverage on shares of Orion Group in a research report on Friday, January 17th. They set a "buy" rating and a $11.00 price objective for the company. Finally, StockNews.com lowered shares of Orion Group from a "buy" rating to a "hold" rating in a report on Sunday.

Orion Group Price Performance

ORN remained flat at $5.56 during trading on Thursday. The company's stock had a trading volume of 267,605 shares, compared to its average volume of 452,811. The stock has a market capitalization of $216.78 million, a price-to-earnings ratio of -13.90, a P/E/G ratio of 1.10 and a beta of 0.93. Orion Group Holdings, Inc. has a 12-month low of $4.85 and a 12-month high of $12.12. The business's fifty day simple moving average is $7.09 and its two-hundred day simple moving average is $7.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

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