Mary E. Sullivan Purchases 10,000 Shares of Orion Group Holdings, Inc. (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Mary E. Sullivan acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $6.80 per share, with a total value of $68,000.00. Following the completion of the transaction, the director now directly owns 256,187 shares in the company, valued at approximately $1,742,071.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Orion Group Stock Performance

Shares of ORN opened at $6.63 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. Orion Group Holdings, Inc. has a 52-week low of $3.23 and a 52-week high of $12.12. The company has a 50-day simple moving average of $9.43 and a 200-day simple moving average of $8.22. The company has a market capitalization of $217.84 million, a PE ratio of -18.94, a P/E/G ratio of 4.79 and a beta of 0.83.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, July 24th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). The company had revenue of $192.17 million during the quarter, compared to analysts’ expectations of $194.83 million. Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. During the same period last year, the business posted ($0.14) earnings per share. Equities research analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of Orion Group

A number of institutional investors have recently bought and sold shares of ORN. Gendell Jeffrey L increased its position in shares of Orion Group by 25.2% in the first quarter. Gendell Jeffrey L now owns 819,566 shares of the construction company’s stock valued at $6,720,000 after buying an additional 164,755 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Orion Group by 4.6% in the first quarter. Russell Investments Group Ltd. now owns 659,197 shares of the construction company’s stock valued at $5,405,000 after buying an additional 28,712 shares in the last quarter. Acuitas Investments LLC increased its position in shares of Orion Group by 85.6% in the fourth quarter. Acuitas Investments LLC now owns 645,248 shares of the construction company’s stock valued at $3,188,000 after buying an additional 297,525 shares in the last quarter. G2 Investment Partners Management LLC increased its position in shares of Orion Group by 715.1% in the fourth quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock valued at $2,381,000 after buying an additional 422,842 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Orion Group by 311.9% in the second quarter. American Century Companies Inc. now owns 453,461 shares of the construction company’s stock valued at $4,312,000 after buying an additional 343,368 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORN. Craig Hallum began coverage on Orion Group in a research report on Tuesday, May 14th. They set a “buy” rating and a $14.00 price objective for the company. B. Riley increased their price objective on Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, StockNews.com cut Orion Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

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.