Orion Group Holdings, Inc. (NYSE:ORN) Holdings Boosted by WINTON GROUP Ltd

WINTON GROUP Ltd grew its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 236.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,259 shares of the construction company’s stock after purchasing an additional 90,148 shares during the quarter. WINTON GROUP Ltd’s holdings in Orion Group were worth $940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC bought a new position in Orion Group during the 3rd quarter worth $63,000. Quantbot Technologies LP bought a new position in shares of Orion Group during the third quarter worth about $120,000. BNP Paribas Financial Markets increased its holdings in shares of Orion Group by 1,140.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 73,235 shares of the construction company’s stock worth $423,000 after acquiring an additional 67,332 shares during the period. Verition Fund Management LLC bought a new stake in Orion Group in the 3rd quarter valued at about $199,000. Finally, Portolan Capital Management LLC boosted its stake in Orion Group by 56.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock valued at $11,455,000 after purchasing an additional 717,533 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on ORN shares. B. Riley upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. StockNews.com downgraded Orion Group from a “buy” rating to a “hold” rating in a research note on Sunday, March 23rd. Finally, DA Davidson started coverage on Orion Group in a report on Friday, January 17th. They set a “buy” rating and a $11.00 price target on the stock.

Orion Group Trading Down 4.0 %

Orion Group stock opened at $5.34 on Friday. Orion Group Holdings, Inc. has a 12-month low of $4.85 and a 12-month high of $12.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The stock has a market capitalization of $208.01 million, a PE ratio of -13.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The firm has a 50 day simple moving average of $7.01 and a 200-day simple moving average of $7.05.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. During the same period last year, the firm earned $0.08 EPS. As a group, equities research analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

About Orion Group

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.