Orion Group Holdings, Inc. (NYSE:ORN) Short Interest Update

Orion Group Holdings, Inc. (NYSE:ORN) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 1,800,000 shares, a growth of 156.7% from the June 30th total of 701,100 shares. Currently, 6.0% of the company’s shares are short sold. Based on an average daily volume of 511,600 shares, the days-to-cover ratio is currently 3.5 days.

Insider Transactions at Orion Group

In other Orion Group news, Director Austin J. Shanfelter sold 40,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $9.01, for a total value of $360,400.00. Following the transaction, the director now directly owns 437,734 shares of the company’s stock, valued at $3,943,983.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Orion Group news, Director Austin J. Shanfelter sold 40,000 shares of Orion Group stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $9.01, for a total transaction of $360,400.00. Following the transaction, the director now owns 437,734 shares of the company’s stock, valued at $3,943,983.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gordon Scott Thanisch bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $7.12 per share, with a total value of $28,480.00. Following the transaction, the chief financial officer now owns 167,811 shares of the company’s stock, valued at approximately $1,194,814.32. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 8,560 shares of company stock worth $60,995. Company insiders own 7.30% of the company’s stock.

Institutional Trading of Orion Group

Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new stake in shares of Orion Group during the 1st quarter worth about $41,000. Assenagon Asset Management S.A. increased its position in shares of Orion Group by 21.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 28,332 shares of the construction company’s stock valued at $140,000 after acquiring an additional 5,092 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Orion Group by 2,851.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock worth $52,000 after acquiring an additional 10,094 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Orion Group during the 1st quarter worth approximately $83,000. Finally, AJOVista LLC purchased a new position in shares of Orion Group during the fourth quarter worth $51,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORN. Craig Hallum initiated coverage on Orion Group in a research report on Tuesday, May 14th. They issued a “buy” rating and a $14.00 price target for the company. B. Riley raised their price target on Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, StockNews.com lowered shares of Orion Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Orion Group Stock Performance

Orion Group stock traded up $0.59 during trading hours on Friday, hitting $8.50. 1,030,174 shares of the stock traded hands, compared to its average volume of 399,313. Orion Group has a 1 year low of $3.13 and a 1 year high of $12.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 1.31. The stock has a market capitalization of $279.31 million, a price-to-earnings ratio of -23.97, a P/E/G ratio of 2.26 and a beta of 0.84. The firm’s 50 day moving average price is $9.66 and its 200-day moving average price is $8.03.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.19). Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.71%. The company had revenue of $192.17 million for the quarter, compared to analysts’ expectations of $194.83 million. During the same quarter in the prior year, the business posted ($0.14) earnings per share. As a group, equities analysts expect that Orion Group will post 0.2 EPS for the current fiscal 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.