1 week Ago By ABMN Staff
Renaissance Technologies LLC reduced its stake in shares of Orion Group Holdings, Inc. ( NYSE:ORN – Free Report ) by 49.1% in the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 206,890 shares of the construction company’s stock after selling 199,727 shares during the quarter. Renaissance Technologies LLC’s holdings in Orion Group were worth $1,517,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Brandes Investment Partners LP grew its position in shares of Orion Group by 3.8% during the 4th quarter.
Brandes Investment Partners LP now owns 3,430,089 shares of the construction company’s stock worth $25,143,000 after buying an additional 126,696 shares during the period. Royce & Associates LP grew its position in shares of Orion Group by 15.6% during the 4th quarter.
Royce & Associates LP now owns 2,023,545 shares of the construction company’s stock worth $14,833,000 after buying an additional 273,760 shares during the period. Geode Capital Management LLC grew its position in shares of Orion Group by 15.0% during the 4th quarter.
Geode Capital Management LLC now owns 778,443 shares of the construction company’s stock worth $5,707,000 after buying an additional 101,526 shares during the period. American Century Companies Inc. grew its position 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 buying an additional 56,154 shares during the period.
Finally, State Street Corp grew its position in shares of Orion Group by 27.3% during the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company’s stock worth $3,186,000 after buying an additional 118,296 shares during the period.
70.25% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth ORN has been the subject of several research analyst reports.
DA Davidson initiated coverage on Orion Group in a research report on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company.
B. Riley upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, StockNews.
com upgraded Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, April 18th. Orion Group Trading Up 1.5 % Shares of Orion Group stock opened at $6.
21 on Monday. Orion Group Holdings, Inc. has a 12-month low of $4.
64 and a 12-month high of $12.12. The stock has a market cap of $241.
17 million, a P/E ratio of -15.52, a P/E/G ratio of 1.10 and a beta of 0.
81. The company has a quick ratio of 1.33, a current ratio of 1.
35 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $5.
92 and its 200-day moving average is $7.00. Orion Group ( NYSE:ORN – Get Free Report ) last posted its quarterly earnings results on Tuesday, March 4th.
The construction company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.
01. The business had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.
70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.
63%. During the same quarter in the prior year, the business earned $0.08 EPS.
Equities research analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.
About Orion Group ( Free Report ) 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.
See Also Want to see what other hedge funds are holding ORN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orion Group Holdings, Inc. ( NYSE:ORN – Free Report ).
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