StockNews.com Downgrades Orion Group (NYSE:ORN) to Hold

Orion Group (NYSE:ORN) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

A number of other equities research analysts also recently weighed in on the stock. B. Riley raised shares of Orion Group to a “strong-buy” rating in a report on Tuesday, March 18th. DA Davidson started coverage on shares of Orion Group in a research note on Friday, January 17th. They set a “buy” rating and a $11.00 price objective for the company.

Orion Group Price Performance

NYSE ORN opened at $5.94 on Friday. The firm has a market capitalization of $231.41 million, a PE ratio of -14.84, a P/E/G ratio of 1.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. Orion Group has a 12 month low of $4.85 and a 12 month high of $12.12. The company’s 50 day simple moving average is $7.15 and its 200 day simple moving average is $7.08.

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 forecast that Orion Group will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Orion Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORN. Portolan Capital Management LLC grew its stake in shares of Orion Group by 56.6% in 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 buying an additional 717,533 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of Orion Group during the 4th quarter worth $4,695,000. Wellington Management Group LLP bought a new position in shares of Orion Group during the 3rd quarter valued at $2,318,000. Hillsdale Investment Management Inc. bought a new position in shares of Orion Group during the 4th quarter valued at $2,907,000. Finally, Ancora Advisors LLC lifted its stake in shares of Orion Group by 76.1% in the 4th quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company’s stock valued at $4,944,000 after purchasing an additional 291,550 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.