Orion Group (NYSE:ORN) Stock Rating Upgraded by StockNews.com

Orion Group (NYSE:ORN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

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 target for the company.

Orion Group Trading Up 4.8 %

NYSE:ORN opened at $5.56 on Friday. Orion Group has a 12 month low of $4.85 and a 12 month high of $12.12. The firm has a fifty day simple moving average of $7.31 and a 200-day simple moving average of $7.14. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $216.59 million, a P/E ratio of -13.89, a PEG ratio of 1.10 and a beta of 0.93.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $216.88 million during the quarter, compared to the consensus estimate of $271.70 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, equities research analysts anticipate that Orion Group will post 0.06 earnings per share for the current year.

Institutional Trading of Orion Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Portolan Capital Management LLC grew its stake in Orion Group by 56.6% during the third quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock worth $11,455,000 after buying an additional 717,533 shares during the period. CenterBook Partners LP acquired a new stake in shares of Orion Group during the fourth quarter worth $4,695,000. Wellington Management Group LLP acquired a new stake in shares of Orion Group during the third quarter worth $2,318,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Orion Group during the fourth quarter worth $2,907,000. Finally, Ancora Advisors LLC grew its position in shares of Orion Group by 76.1% during the fourth quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company’s stock worth $4,944,000 after acquiring an additional 291,550 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.