Oxford Asset Management LLP Invests $94,000 in Orion Group Holdings, Inc. (NYSE:ORN)

Oxford Asset Management LLP bought a new stake in Orion Group Holdings, Inc. (NYSE:ORN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,864 shares of the construction company’s stock, valued at approximately $94,000.

A number of other large investors have also recently bought and sold shares of ORN. CenterBook Partners LP acquired a new position in Orion Group in the 4th quarter valued at about $4,695,000. Hillsdale Investment Management Inc. acquired a new position in Orion Group in the 4th quarter valued at $2,907,000. Royce & Associates LP grew its position in shares of Orion Group by 15.6% in the fourth quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company’s stock valued at $14,833,000 after purchasing an additional 273,760 shares during the period. JPMorgan Chase & Co. boosted its stake in Orion Group by 112.2% in the 4th quarter. JPMorgan Chase & Co. now owns 285,566 shares of the construction company’s stock worth $2,093,000 after buying an additional 150,996 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Orion Group during the 4th quarter valued at about $1,074,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Trading Down 2.3 %

NYSE ORN opened at $6.08 on Tuesday. The firm has a market capitalization of $236.12 million, a price-to-earnings ratio of -15.20, a PEG ratio of 1.10 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group Holdings, Inc. has a one year low of $4.64 and a one year high of $12.12. The company’s 50 day moving average price is $5.89 and its 200 day moving average price is $7.00.

Orion Group (NYSE:ORN) last posted its earnings results 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 net margin of 1.63% and a negative return on equity of 0.71%. The business had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. During the same quarter in the previous year, the business posted $0.08 EPS. On average, sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ORN shares. DA Davidson started coverage on shares of Orion Group in a research report on Friday, January 17th. They issued a “buy” rating and a $11.00 target price on the stock. B. Riley raised shares of 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 report on Friday, April 18th.

Orion Group 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.