Cubist Systematic Strategies LLC Grows Stock Position in Orion Group Holdings, Inc. (NYSE:ORN)

Cubist Systematic Strategies LLC raised its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 47.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 127,436 shares of the construction company’s stock after buying an additional 41,186 shares during the period. Cubist Systematic Strategies LLC owned about 0.33% of Orion Group worth $934,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Orion Group by 930.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock valued at $776,000 after acquiring an additional 121,507 shares during the period. SG Americas Securities LLC grew its position in shares of Orion Group by 43.0% during the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock valued at $121,000 after acquiring an additional 4,978 shares during the period. Barclays PLC grew its position in shares of Orion Group by 29.7% during the 3rd quarter. Barclays PLC now owns 43,560 shares of the construction company’s stock valued at $252,000 after acquiring an additional 9,966 shares during the period. Seros Financial LLC acquired a new stake in shares of Orion Group during the 4th quarter valued at about $723,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Orion Group during the 4th quarter valued at about $108,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. DA Davidson assumed coverage on Orion Group in a research report on Friday, January 17th. They set a “buy” rating and a $11.00 target price on the stock. StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, April 18th. Finally, B. Riley upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.

Orion Group Trading Up 2.4%

ORN stock opened at $8.67 on Thursday. 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 12-month low of $4.64 and a 12-month high of $12.12. The stock has a market cap of $342.93 million, a price-to-earnings ratio of -21.67, a PEG ratio of 1.10 and a beta of 0.91. The business’s 50-day moving average is $6.07 and its 200 day moving average is $7.13.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.12. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The company had revenue of $188.65 million for the quarter, compared to analysts’ expectations of $177.33 million. On average, sell-side analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

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.