Portolan Capital Management LLC Sells 1,536,664 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Portolan Capital Management LLC lowered its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 77.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 448,691 shares of the construction company's stock after selling 1,536,664 shares during the period. Portolan Capital Management LLC owned approximately 1.15% of Orion Group worth $3,289,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ORN. Corebridge Financial Inc. lifted its holdings in shares of Orion Group by 8.4% during the 4th quarter. Corebridge Financial Inc. now owns 18,043 shares of the construction company's stock worth $132,000 after acquiring an additional 1,396 shares during the period. Rhumbline Advisers increased its stake in shares of Orion Group by 6.5% in the 4th quarter. Rhumbline Advisers now owns 36,138 shares of the construction company's stock valued at $265,000 after purchasing an additional 2,198 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Orion Group by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company's stock worth $540,000 after buying an additional 3,432 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Orion Group by 16.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company's stock valued at $197,000 after buying an additional 3,728 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Orion Group by 43.0% in the fourth quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company's stock valued at $121,000 after acquiring an additional 4,978 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Analyst Ratings Changes

ORN has been the topic of a number of research analyst reports. B. Riley upgraded shares of Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. StockNews.com cut Orion Group from a "buy" rating to a "hold" rating in a research note on Sunday, March 23rd. Finally, DA Davidson began coverage on Orion Group in a report on Friday, January 17th. They issued a "buy" rating and a $11.00 target price for the company.

Orion Group Trading Up 1.6 %

NYSE ORN traded up $0.10 on Friday, reaching $5.97. The company had a trading volume of 245,004 shares, compared to its average volume of 453,802. The firm has a market cap of $231.65 million, a price-to-earnings ratio of -14.91, a P/E/G ratio of 1.10 and a beta of 0.81. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $12.12. The business has a 50 day moving average of $6.17 and a two-hundred day moving average of $6.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

Orion Group (NYSE:ORN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Analysts forecast that Orion Group Holdings, Inc. 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.