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

Royce & Associates LP increased its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 15.6% in the 4th quarter, HoldingsChannel reports. The fund owned 2,023,545 shares of the construction company’s stock after acquiring an additional 273,760 shares during the period. Royce & Associates LP owned 0.05% of Orion Group worth $14,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Atria Investments Inc boosted its holdings in Orion Group by 14.6% during the third quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock worth $284,000 after buying an additional 6,285 shares in the last quarter. Empowered Funds LLC boosted its holdings in Orion Group by 5.4% during the third quarter. Empowered Funds LLC now owns 250,021 shares of the construction company’s stock worth $1,443,000 after buying an additional 12,730 shares in the last quarter. Intech Investment Management LLC bought a new stake in Orion Group during the third quarter worth approximately $63,000. Quantbot Technologies LP bought a new stake in Orion Group during the third quarter worth approximately $120,000. Finally, BNP Paribas Financial Markets boosted its holdings in Orion Group by 1,140.6% during the third quarter. BNP Paribas Financial Markets now owns 73,235 shares of the construction company’s stock worth $423,000 after buying an additional 67,332 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ORN has been the subject of a number of research reports. DA Davidson initiated coverage on shares of Orion Group in a report on Friday, January 17th. They set a “buy” rating and a $11.00 target price for the company. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Saturday.

Orion Group Trading Up 0.4 %

NYSE ORN opened at $5.59 on Tuesday. Orion Group Holdings, Inc. has a twelve month low of $4.85 and a twelve month high of $12.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The stock has a market cap of $217.76 million, a price-to-earnings ratio of -13.96, a PEG ratio of 1.10 and a beta of 0.93. The firm’s 50 day moving average price is $7.26 and its two-hundred day moving average price is $7.12.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping 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 firm had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. During the same period in the previous year, the company posted $0.08 EPS. Equities analysts anticipate 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.