Orion Group (NYSE:ORN) Raised to Buy at StockNews.com

Orion Group (NYSE:ORN - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

Orion Group Trading Up 2.9 %

Shares of ORN traded up $0.18 during trading hours on Friday, hitting $6.29. The company had a trading volume of 933,975 shares, compared to its average volume of 411,065. Orion Group has a 52-week low of $4.09 and a 52-week high of $12.12. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The stock's 50 day moving average price is $6.16 and its 200 day moving average price is $7.84. The firm has a market cap of $209.90 million, a P/E ratio of -15.72, a P/E/G ratio of 7.23 and a beta of 0.81.

Insider Buying and Selling at Orion Group

In other news, EVP Edward Chipman Earle acquired 15,633 shares of the firm's stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the transaction, the executive vice president now owns 86,235 shares of the company's stock, valued at $521,721.75. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Travis J. Boone acquired 3,700 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $6.79 per share, for a total transaction of $25,123.00. Following the completion of the acquisition, the chief executive officer now directly owns 488,719 shares of the company's stock, valued at approximately $3,318,402.01. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward Chipman Earle bought 15,633 shares of Orion Group stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $6.05 per share, for a total transaction of $94,579.65. Following the acquisition, the executive vice president now directly owns 86,235 shares in the company, valued at approximately $521,721.75. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 33,453 shares of company stock valued at $212,423 in the last quarter. Company insiders own 7.30% of the company's stock.

Institutional Investors Weigh In On Orion Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Orion Group by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company's stock worth $17,907,000 after buying an additional 46,079 shares during the period. Gendell Jeffrey L grew its holdings in Orion Group by 25.2% in the first quarter. Gendell Jeffrey L now owns 819,566 shares of the construction company's stock worth $6,720,000 after purchasing an additional 164,755 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Orion Group by 4.6% during the first quarter. Russell Investments Group Ltd. now owns 659,197 shares of the construction company's stock valued at $5,405,000 after purchasing an additional 28,712 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Orion Group by 311.9% during the second quarter. American Century Companies Inc. now owns 453,461 shares of the construction company's stock valued at $4,312,000 after purchasing an additional 343,368 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Orion Group in the 3rd quarter worth approximately $1,873,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

About Orion Group

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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