Orion Group Holdings, Inc. (NYSE:ORN) Sees Significant Growth in Short Interest

Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 819,300 shares, a growth of 21.9% from the February 28th total of 672,200 shares. Approximately 2.3% of the company's shares are short sold. Based on an average trading volume of 425,600 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in Orion Group during the 4th quarter valued at $49,000. PharVision Advisers LLC bought a new stake in Orion Group in the 4th quarter worth about $197,000. Squarepoint Ops LLC increased its stake in Orion Group by 77.0% in the 4th quarter. Squarepoint Ops LLC now owns 48,861 shares of the construction company's stock valued at $358,000 after buying an additional 21,255 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of Orion Group in the 4th quarter worth approximately $92,000. Finally, ProShare Advisors LLC bought a new position in shares of Orion Group in the fourth quarter valued at approximately $75,000. Institutional investors own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ORN shares. B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. DA Davidson began 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 downgraded shares of Orion Group from a "buy" rating to a "hold" rating in a research report on Sunday, March 23rd.

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Orion Group Stock Up 1.1 %

Shares of NYSE ORN traded up $0.06 during midday trading on Monday, hitting $5.09. 416,136 shares of the stock traded hands, compared to its average volume of 452,062. Orion Group has a one year low of $4.66 and a one year high of $12.12. The business has a 50 day moving average price of $6.70 and a two-hundred day moving average price of $7.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The company has a market cap of $197.55 million, a PE ratio of -12.72, a P/E/G ratio of 1.10 and a beta of 0.81.

Orion Group (NYSE:ORN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm 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 earned $0.08 earnings per share. On average, equities analysts predict that Orion Group will post 0.06 EPS for the current year.

Orion Group Company 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.