JPMorgan Chase & Co. Has $776,000 Stock Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

JPMorgan Chase & Co. lifted its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 930.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,570 shares of the construction company's stock after purchasing an additional 121,507 shares during the period. JPMorgan Chase & Co. owned about 0.35% of Orion Group worth $776,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Orion Group during the 3rd quarter valued at approximately $63,000. SG Americas Securities LLC acquired a new position in shares of Orion Group during the third quarter worth approximately $67,000. The Manufacturers Life Insurance Company acquired a new position in shares of Orion Group during the second quarter valued at $115,000. Quantbot Technologies LP acquired a new position in Orion Group during the 3rd quarter valued at about $120,000. Finally, Perkins Capital Management Inc. bought a new stake in shares of Orion Group during the 3rd quarter worth about $173,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ORN shares. DA Davidson assumed coverage on Orion Group in a report on Friday, January 17th. They set a "buy" rating and a $11.00 target price on the stock. StockNews.com raised Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, November 1st.

Orion Group Price Performance

Shares of NYSE ORN traded down $1.04 during trading on Monday, hitting $7.15. The company had a trading volume of 640,838 shares, compared to its average volume of 374,084. Orion Group Holdings, Inc. has a 52 week low of $5.23 and a 52 week high of $12.12. The business's 50-day moving average is $7.99 and its 200 day moving average is $7.43. The company has a market cap of $278.02 million, a P/E ratio of -17.87, a PEG ratio of 1.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35.

Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Wednesday, October 30th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.08. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The company had revenue of $226.68 million for the quarter, compared to analyst estimates of $236.43 million. During the same period in the previous year, the firm earned $0.02 earnings per share. Equities research analysts predict that Orion Group Holdings, Inc. will post 0.09 earnings per share 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.