SG Americas Securities LLC Grows Stock Holdings in Orion Office REIT Inc. (NYSE:ONL)

SG Americas Securities LLC increased its stake in shares of Orion Office REIT Inc. (NYSE:ONL) by 18.5% in the 4th quarter, Holdings Channel reports. The firm owned 24,052 shares of the company’s stock after buying an additional 3,752 shares during the period. SG Americas Securities LLC’s holdings in Orion Office REIT were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in Orion Office REIT by 69.4% during the third quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after buying an additional 106,383 shares during the period. Franklin Resources Inc. bought a new stake in Orion Office REIT during the third quarter valued at approximately $40,000. Barclays PLC grew its position in Orion Office REIT by 252.1% during the third quarter. Barclays PLC now owns 73,730 shares of the company’s stock valued at $295,000 after buying an additional 52,788 shares during the period. Geode Capital Management LLC grew its position in Orion Office REIT by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company’s stock valued at $6,050,000 after buying an additional 7,733 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in Orion Office REIT by 6.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 66,000 shares of the company’s stock valued at $264,000 after buying an additional 4,000 shares during the period. 79.95% of the stock is owned by hedge funds and other institutional investors.

Orion Office REIT Stock Performance

Shares of NYSE ONL opened at $4.10 on Friday. The firm has a 50 day moving average of $3.93 and a 200 day moving average of $3.95. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $229.12 million, a price-to-earnings ratio of -2.66 and a beta of 1.09. Orion Office REIT Inc. has a 12-month low of $3.01 and a 12-month high of $4.89.

Orion Office REIT Company Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.