Orion Group Holdings, Inc. (NYSE:ORN) CEO Travis J. Boone Purchases 2,160 Shares of Stock

Orion Group Holdings, Inc. (NYSE:ORN) CEO Travis J. Boone acquired 2,160 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were purchased at an average price of $6.97 per share, for a total transaction of $15,055.20. Following the purchase, the chief executive officer now directly owns 485,019 shares of the company’s stock, valued at $3,380,582.43. The transaction was disclosed in a filing with the SEC, which is available through this link.

Orion Group Stock Up 2.9 %

NYSE:ORN opened at $7.11 on Wednesday. Orion Group Holdings, Inc. has a 52 week low of $2.38 and a 52 week high of $9.84. The firm has a market capitalization of $230.65 million, a PE ratio of -20.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.70. The stock has a 50 day moving average of $7.90 and a 200-day moving average of $6.08. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. The business had revenue of $160.67 million during the quarter, compared to analyst estimates of $174.75 million. Analysts predict that Orion Group Holdings, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Orion Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORN. Belvedere Trading LLC bought a new position in Orion Group in the 3rd quarter worth approximately $112,000. Acuitas Investments LLC bought a new position in Orion Group in the 3rd quarter worth approximately $1,864,000. Assenagon Asset Management S.A. bought a new position in Orion Group in the 3rd quarter worth approximately $125,000. AMH Equity Ltd grew its holdings in Orion Group by 518.8% in the 3rd quarter. AMH Equity Ltd now owns 1,856,399 shares of the construction company’s stock worth $9,950,000 after buying an additional 1,556,399 shares in the last quarter. Finally, Barclays PLC bought a new position in Orion Group in the 3rd quarter worth approximately $166,000. 70.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ORN has been the topic of several research reports. StockNews.com cut Orion Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. B. Riley restated a “buy” rating and set a $9.50 price objective (up previously from $6.25) on shares of Orion Group in a research note on Thursday, March 14th.

About Orion Group

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.