Bank of New York Mellon Corp Grows Stock Position in Orion Group Holdings, Inc. (NYSE:ORN)

Bank of New York Mellon Corp grew its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,664 shares of the construction company’s stock after buying an additional 3,432 shares during the period. Bank of New York Mellon Corp owned 0.19% of Orion Group worth $540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Orion Group by 6.5% in the fourth quarter. Rhumbline Advisers now owns 36,138 shares of the construction company’s stock worth $265,000 after acquiring an additional 2,198 shares during the period. Heck Capital Advisors LLC bought a new position in Orion Group during the 4th quarter valued at approximately $49,000. Seros Financial LLC bought a new position in Orion Group in the 4th quarter worth $723,000. SG Americas Securities LLC grew its holdings in shares of Orion Group by 43.0% during the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock worth $121,000 after acquiring an additional 4,978 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 valued at $69,000 after buying an additional 8,965 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

Shares of ORN opened at $5.56 on Friday. Orion Group Holdings, Inc. has a twelve month low of $4.85 and a twelve month high of $12.12. The company has a market capitalization of $216.78 million, a P/E ratio of -13.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The firm has a 50 day moving average of $7.06 and a 200 day moving average of $7.05. 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 posted its quarterly earnings results 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. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The firm had revenue of $216.88 million during the quarter, compared to analysts’ expectations of $271.70 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. As a group, equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com downgraded Orion Group from a “buy” rating to a “hold” rating in a research note on Sunday, March 23rd. B. Riley raised Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, DA Davidson began coverage on Orion Group in a research report on Friday, January 17th. They issued a “buy” rating and a $11.00 price target for the company.

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.