EntryPoint Capital LLC Buys Shares of 35,354 Orion Group Holdings, Inc. (NYSE:ORN)

EntryPoint Capital LLC purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 35,354 shares of the construction company’s stock, valued at approximately $259,000.

Several other large investors also recently modified their holdings of ORN. Corebridge Financial Inc. raised its stake in Orion Group by 8.4% in the 4th quarter. Corebridge Financial Inc. now owns 18,043 shares of the construction company’s stock valued at $132,000 after acquiring an additional 1,396 shares during the period. LPL Financial LLC purchased a new position in shares of Orion Group in the fourth quarter worth about $145,000. Fox Run Management L.L.C. bought a new stake in shares of Orion Group in the fourth quarter valued at approximately $137,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Orion Group during the 4th quarter valued at approximately $2,907,000. Finally, American Century Companies Inc. lifted its stake in shares of Orion Group by 9.1% during the 4th quarter. American Century Companies Inc. now owns 676,098 shares of the construction company’s stock valued at $4,956,000 after buying an additional 56,154 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Trading Down 4.0 %

Orion Group stock opened at $5.34 on Friday. 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 fifty-two week low of $4.85 and a fifty-two week high of $12.12. The stock has a market cap of $208.01 million, a P/E ratio of -13.34, a PEG ratio of 1.10 and a beta of 0.93. The firm’s fifty day moving average price is $7.01 and its 200-day moving average price is $7.05.

Orion Group (NYSE:ORN) last released its quarterly 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 return on equity of 0.71% and a negative net margin of 1.63%. The firm had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. During the same quarter last year, the firm posted $0.08 EPS. Equities research analysts forecast that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORN. StockNews.com cut shares of Orion Group from a “buy” rating to a “hold” rating in a report on Sunday, March 23rd. B. Riley upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, DA Davidson assumed coverage on Orion Group in a report on Friday, January 17th. They set a “buy” rating and a $11.00 target price for the company.

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.