Private Management Group Inc. decreased its position in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,260,992 shares of the company's stock after selling 872,850 shares during the period. Private Management Group Inc. owned approximately 7.62% of Orion Office REIT worth $15,808,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Abel Hall LLC bought a new position in Orion Office REIT during the 4th quarter valued at about $38,000. SG Americas Securities LLC boosted its position in shares of Orion Office REIT by 18.5% during the fourth quarter. SG Americas Securities LLC now owns 24,052 shares of the company's stock valued at $89,000 after buying an additional 3,752 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Orion Office REIT by 69.4% during the third quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company's stock valued at $1,039,000 after buying an additional 106,383 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Orion Office REIT in the third quarter worth approximately $40,000. Finally, Barclays PLC lifted its stake in shares of Orion Office REIT by 252.1% during the 3rd quarter. Barclays PLC now owns 73,730 shares of the company's stock worth $295,000 after acquiring an additional 52,788 shares during the last quarter. Hedge funds and other institutional investors own 79.95% of the company's stock.
Orion Office REIT Price Performance
ONL traded down $0.03 during trading hours on Friday, reaching $4.04. 190,660 shares of the company's stock traded hands, compared to its average volume of 275,434. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a 50-day moving average price of $3.93 and a 200 day moving average price of $3.95. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $5.18.
Orion Office REIT (NYSE:ONL - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $39.18 million for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%.
Orion Office REIT Profile
(
Free Report)
Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.
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