Royce & Associates LP Increases Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Royce & Associates LP raised its position in Orion Group Holdings, Inc. (NYSE:ORN) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,023,545 shares of the construction company’s stock after buying an additional 273,760 shares during the period. Royce & Associates LP owned approximately 5.20% of Orion Group worth $14,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Orion Group in the 4th quarter valued at about $49,000. Intech Investment Management LLC acquired a new stake in shares of Orion Group in the 3rd quarter valued at about $63,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Orion Group by 1,936.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock valued at $69,000 after purchasing an additional 8,965 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Orion Group in the 4th quarter valued at about $80,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Orion Group in the 4th quarter valued at about $88,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson assumed coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 target price on the stock.

Orion Group Price Performance

ORN opened at $5.59 on Tuesday. The firm has a market cap of $217.76 million, a price-to-earnings ratio of -13.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. Orion Group Holdings, Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $12.12. The company’s 50-day moving average price is $7.26 and its 200 day moving average price is $7.12. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, sell-side analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current 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.