Monimus Capital Management LP Purchases Shares of 126,817 Orion Group Holdings, Inc. (NYSE:ORN)

Monimus Capital Management LP purchased a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 126,817 shares of the construction company’s stock, valued at approximately $930,000. Monimus Capital Management LP owned approximately 0.33% of Orion Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of Orion Group in the fourth quarter valued at $49,000. Intech Investment Management LLC bought a new stake in shares of Orion Group in the third quarter valued at about $63,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Orion Group by 1,936.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock valued at $69,000 after buying an additional 8,965 shares during the period. Aigen Investment Management LP bought a new position in Orion Group during the fourth quarter worth about $80,000. Finally, Raymond James Financial Inc. bought a new position in Orion Group during the fourth quarter worth about $88,000. 70.25% of the stock is owned by institutional investors.

Orion Group Trading Up 4.8 %

ORN opened at $5.56 on Friday. The stock has a market capitalization of $216.59 million, a P/E ratio of -13.89, a P/E/G ratio of 1.10 and a beta of 0.93. Orion Group Holdings, Inc. has a 12 month low of $4.85 and a 12 month high of $12.12. The firm’s fifty day simple moving average is $7.31 and its 200 day simple moving average is $7.14. 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 (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The business had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. During the same period in the previous year, the firm posted $0.08 EPS. As a group, research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

ORN has been the subject of a number of research reports. DA Davidson started coverage on shares of Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 price target for the company. StockNews.com raised shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Saturday.

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.