ExodusPoint Capital Management LP Sells 120,731 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

ExodusPoint Capital Management LP cut its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 74.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,833 shares of the construction company's stock after selling 120,731 shares during the period. ExodusPoint Capital Management LP owned 0.10% of Orion Group worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Orion Group during the 4th quarter worth $49,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Orion Group by 1,936.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock valued at $69,000 after acquiring an additional 8,965 shares during the last quarter. Perritt Capital Management Inc bought a new position in Orion Group in the fourth quarter valued at about $73,000. Aigen Investment Management LP acquired a new stake in Orion Group in the fourth quarter worth about $80,000. Finally, Raymond James Financial Inc. bought a new stake in Orion Group during the 4th quarter worth about $88,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Trading Up 1.6 %

Orion Group stock traded up $0.10 during mid-day trading on Friday, hitting $5.97. 245,004 shares of the company's stock were exchanged, compared to its average volume of 454,841. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $12.12. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $231.65 million, a P/E ratio of -14.91, a PEG ratio of 1.10 and a beta of 0.81. The company's 50 day simple moving average is $6.12 and its 200-day simple moving average is $6.98.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $271.70 million. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ORN shares. DA Davidson initiated coverage on shares of Orion Group in a research note on Friday, January 17th. They set a "buy" rating and a $11.00 price target for the company. B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, StockNews.com raised Orion Group from a "hold" rating to a "buy" rating in a research note on Friday.

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.