Monimus Capital Management LP purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 126,817 shares of the construction company's stock, valued at approximately $930,000. Monimus Capital Management LP owned 0.33% of Orion Group as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Orion Group during the 4th quarter worth approximately $49,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Orion Group by 1,936.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock worth $69,000 after purchasing an additional 8,965 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Orion Group during the 4th quarter worth about $80,000. Intech Investment Management LLC purchased a new position in Orion Group in the 3rd quarter valued at about $63,000. Finally, Raymond James Financial Inc. purchased a new stake in Orion Group during the 4th quarter worth approximately $88,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.
Orion Group Trading Up 2.6 %
Shares of Orion Group stock traded up $0.15 during mid-day trading on Wednesday, hitting $6.02. The stock had a trading volume of 320,545 shares, compared to its average volume of 460,027. Orion Group Holdings, Inc. has a 12-month low of $4.85 and a 12-month high of $12.12. The firm has a 50-day moving average of $7.24 and a two-hundred day moving average of $7.11. The firm has a market cap of $234.72 million, a P/E ratio of -15.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.
Orion Group (NYSE:ORN - Get Free Report) last posted its earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. During the same quarter in the prior year, the company earned $0.08 EPS. Sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.
Analyst Upgrades and Downgrades
ORN has been the subject of a number of recent research reports. StockNews.com upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Saturday. DA Davidson assumed coverage on Orion Group in a research report on Friday, January 17th. They issued a "buy" rating and a $11.00 price target for the company.
Read Our Latest Stock Analysis on ORN
Orion Group Profile
(
Free Report)
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.
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