Orion Group (NYSE:ORN) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Orion Group (NYSE:ORN) from a buy rating to a hold rating in a research note published on Friday morning.

Separately, DA Davidson began coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company.

Orion Group Stock Performance

NYSE ORN opened at $5.75 on Friday. The business’s 50 day moving average price is $7.54 and its 200-day moving average price is $7.23. Orion Group has a fifty-two week low of $4.85 and a fifty-two week high of $12.12. The company has a market cap of $223.53 million, a P/E ratio of -14.36, 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 quick ratio of 1.33 and a current ratio of 1.35.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping 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 analyst estimates of $271.70 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Sell-side analysts predict that Orion Group will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Portolan Capital Management LLC boosted its position in 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 during the period. CenterBook Partners LP purchased a new stake in shares of Orion Group in the fourth quarter valued at approximately $4,695,000. Wellington Management Group LLP bought a new position in Orion Group in the third quarter worth approximately $2,318,000. Hillsdale Investment Management Inc. purchased a new position in Orion Group during the 4th quarter worth $2,907,000. Finally, Ancora Advisors LLC increased its holdings in Orion Group by 76.1% during the 4th quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company’s stock worth $4,944,000 after purchasing an additional 291,550 shares during the period. 70.25% of the stock is currently owned by institutional investors.

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.