Seros Financial LLC Makes New Investment in Orion Group Holdings, Inc. $ORN

Seros Financial LLC purchased a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 168,704 shares of the construction company’s stock, valued at approximately $2,838,000. Orion Group comprises approximately 1.5% of Seros Financial LLC’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Orion Group in the third quarter worth $33,000. Fifth Third Bancorp acquired a new position in Orion Group in the 1st quarter valued at $52,000. Comerica Bank raised its holdings in Orion Group by 219.7% in the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock worth $43,000 after acquiring an additional 3,562 shares during the period. Keating Financial Advisory Services Inc. bought a new position in Orion Group in the 2nd quarter worth $107,000. Finally, OpenArc Corporate Advisory LLC acquired a new position in Orion Group during the 4th quarter worth $100,000. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

ORN has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Zacks Research lowered Orion Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Wall Street Zen cut Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. Oppenheimer began coverage on Orion Group in a research note on Tuesday, July 7th. They set an “outperform” rating and a $20.00 target price for the company. Finally, Roth Capital set a $15.00 target price on Orion Group in a report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Orion Group currently has a consensus rating of “Hold” and an average price target of $17.20.

Orion Group Stock Performance

ORN opened at $9.26 on Monday. The stock’s 50 day simple moving average is $12.78 and its 200-day simple moving average is $12.85. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62. The stock has a market cap of $374.94 million, a PE ratio of 102.90 and a beta of 1.40. Orion Group Holdings, Inc. has a 1 year low of $6.60 and a 1 year high of $17.40.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, July 29th. The construction company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). Orion Group had a return on equity of 3.07% and a net margin of 0.40%.The firm had revenue of $221.88 million during the quarter, compared to the consensus estimate of $225.72 million. Sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.12 EPS for the current year.

Insider Activity

In other Orion Group news, Director Robert Ledford acquired 20,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the purchase, the director owned 43,112 shares in the company, valued at $414,737.44. This represents a 86.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward Chipman Earle acquired 5,000 shares of Orion Group stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of $9.81 per share, with a total value of $49,050.00. Following the completion of the acquisition, the executive vice president directly owned 150,042 shares in the company, valued at $1,471,912.02. This trade represents a 3.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 28,000 shares of company stock worth $270,820. 5.70% of the stock is currently owned by corporate insiders.

Orion Group Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.