Fox Run Management L.L.C. Purchases Shares of 18,658 Orion Group Holdings, Inc. (NYSE:ORN)

Fox Run Management L.L.C. acquired a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,658 shares of the construction company’s stock, valued at approximately $137,000.

Several other institutional investors have also recently made changes to their positions in ORN. Hillsdale Investment Management Inc. purchased a new stake in Orion Group during the fourth quarter worth $2,907,000. American Century Companies Inc. boosted 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 worth $4,956,000 after acquiring an additional 56,154 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Orion Group during the 4th quarter valued at about $156,000. Royce & Associates LP increased its stake in shares of Orion Group by 15.6% in the 4th quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company’s stock valued at $14,833,000 after purchasing an additional 273,760 shares in the last quarter. Finally, Monimus Capital Management LP acquired a new position in Orion Group in the 4th quarter worth about $930,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Orion Group Trading Down 4.0 %

Shares of ORN stock opened at $5.34 on Friday. The stock’s fifty day moving average is $7.01 and its two-hundred day moving average is $7.05. The firm has a market capitalization of $208.01 million, a P/E ratio of -13.34, a PEG ratio of 1.10 and a beta of 0.93. 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.

Orion Group (NYSE:ORN) last announced its quarterly earnings data 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. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The company had revenue of $216.88 million during the quarter, compared to analysts’ expectations of $271.70 million. During the same quarter in the prior year, the company earned $0.08 EPS. Research analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share 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.