Alambic Investment Management L.P. decreased its position in shares of Orion Group Holdings Inc (NYSE:ORN) by 67.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,505 shares of the construction company’s stock after selling 74,391 shares during the period. Alambic Investment Management L.P. owned approximately 0.12% of Orion Group worth $92,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Essex Investment Management Co. LLC purchased a new position in shares of Orion Group in the 1st quarter worth about $988,000. Renaissance Technologies LLC lifted its position in Orion Group by 50.4% in the 4th quarter. Renaissance Technologies LLC now owns 670,818 shares of the construction company’s stock worth $3,482,000 after buying an additional 224,721 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in Orion Group in the fourth quarter worth approximately $934,000. EAM Investors LLC bought a new position in Orion Group during the fourth quarter valued at approximately $902,000. Finally, Foundry Partners LLC grew its position in Orion Group by 23.4% during the first quarter. Foundry Partners LLC now owns 878,795 shares of the construction company’s stock valued at $2,285,000 after acquiring an additional 166,915 shares during the last quarter. 69.06% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE ORN traded up $0.05 during mid-day trading on Friday, hitting $2.31. The stock had a trading volume of 141,805 shares, compared to its average volume of 125,244. The business has a 50 day moving average price of $2.20 and a two-hundred day moving average price of $3.98. Orion Group Holdings Inc has a 1 year low of $1.53 and a 1 year high of $5.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.48. The firm has a market cap of $67.29 million, a P/E ratio of 7.79 and a beta of 1.08.
Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. The business had revenue of $166.62 million for the quarter, compared to analyst estimates of $159.45 million. Orion Group had a net margin of 0.72% and a return on equity of 6.13%. Equities research analysts predict that Orion Group Holdings Inc will post 0.25 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on ORN shares. B. Riley cut their price objective on shares of Orion Group from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Zacks Investment Research upgraded shares of Orion Group from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Wednesday, May 6th. ValuEngine cut Orion Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Noble Financial reissued a “buy” rating and issued a $7.10 target price on shares of Orion Group in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $5.24.
Orion Group Company Profile
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
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