Royce & Associates LP Increases Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Royce & Associates LP boosted its holdings in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,023,545 shares of the construction company's stock after acquiring an additional 273,760 shares during the quarter. Royce & Associates LP owned 5.20% of Orion Group worth $14,833,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORN. Heck Capital Advisors LLC bought a new stake in Orion Group in the 4th quarter worth approximately $49,000. Intech Investment Management LLC purchased a new position in shares of Orion Group in the 3rd quarter worth $63,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 worth $69,000 after acquiring an additional 8,965 shares during the period. Aigen Investment Management LP purchased a new stake in Orion Group during the fourth quarter valued at $80,000. Finally, Raymond James Financial Inc. bought a new position in Orion Group in the fourth quarter valued at about $88,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com raised shares of Orion Group from a "hold" rating to a "buy" rating in a report on Saturday, March 15th. B. Riley upgraded Orion Group to a "strong-buy" rating in a research note on Tuesday. 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 on the stock.

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Orion Group Stock Performance

NYSE ORN traded down $0.12 on Friday, reaching $5.77. 491,314 shares of the stock were exchanged, compared to its average volume of 461,347. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a one year low of $4.85 and a one year high of $12.12. The firm has a market capitalization of $224.97 million, a PE ratio of -14.42, a PEG ratio of 1.10 and a beta of 0.93. The company's 50-day simple moving average is $7.19 and its two-hundred day simple moving average is $7.10.

Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $216.88 million for the quarter, compared to the consensus estimate of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same period last year, the firm earned $0.08 EPS. Analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

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.