Atria Investments Inc Increases Position in Orion Group Holdings, Inc. (NYSE:ORN)

Atria Investments Inc increased its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,022 shares of the construction company’s stock after buying an additional 11,724 shares during the quarter. Atria Investments Inc owned 0.16% of Orion Group worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in Orion Group during the 4th quarter worth about $49,000. Intech Investment Management LLC acquired a new stake in Orion Group during the 3rd quarter worth about $63,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Orion Group by 1,936.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock worth $69,000 after acquiring an additional 8,965 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Orion Group during the 4th quarter worth about $108,000. Finally, Quantbot Technologies LP acquired a new stake in Orion Group during the 3rd quarter worth about $120,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Price Performance

Shares of Orion Group stock opened at $5.56 on Friday. 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 Holdings, Inc. has a twelve month low of $4.85 and a twelve month high of $12.12. The business has a 50-day moving average price of $7.31 and a 200 day moving average price of $7.14. The firm has a market cap of $216.59 million, a PE ratio of -13.89, a P/E/G ratio of 1.10 and a beta of 0.93.

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 return on equity of 0.71% and a negative net margin of 1.63%. 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 business earned $0.08 EPS. Sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on ORN shares. DA Davidson assumed coverage on Orion Group in a research report on Friday, January 17th. They set a “buy” rating and a $11.00 price target for the company. StockNews.com raised Orion Group from a “hold” rating to a “buy” rating in a report on Saturday.

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.