JPMorgan Chase & Co. Grows Stock Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

JPMorgan Chase & Co. lifted its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 930.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,570 shares of the construction company’s stock after purchasing an additional 121,507 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of Orion Group worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Orion Group by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company’s stock valued at $17,907,000 after purchasing an additional 46,079 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Orion Group during the second quarter valued at approximately $115,000. Northeast Financial Consultants Inc increased its position in shares of Orion Group by 7.9% during the second quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock valued at $1,389,000 after acquiring an additional 10,695 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Orion Group in the 2nd quarter worth approximately $303,000. Finally, SG Americas Securities LLC purchased a new position in Orion Group in the 3rd quarter worth approximately $67,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

ORN has been the topic of several recent analyst reports. DA Davidson started coverage on Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 target price for the company. StockNews.com raised Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Orion Group Stock Down 3.4 %

ORN stock opened at $8.18 on Monday. The company has a market cap of $318.20 million, a price-to-earnings ratio of -20.45, a P/E/G ratio of 1.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The business’s 50-day moving average is $8.00 and its two-hundred day moving average is $7.44. Orion Group Holdings, Inc. has a fifty-two week low of $5.23 and a fifty-two week high of $12.12.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.08. The firm had revenue of $226.68 million for the quarter, compared to analysts’ expectations of $236.43 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 $0.02 EPS. As a group, analysts forecast that Orion Group Holdings, Inc. will post 0.09 earnings per share for the current year.

Orion Group 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.