Marshall Wace LLP Buys New Position in Orion Group Holdings, Inc. (NYSE:ORN)

Marshall Wace LLP bought a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 109,786 shares of the construction company’s stock, valued at approximately $805,000.

Several other hedge funds have also recently added to or reduced their stakes in ORN. Heck Capital Advisors LLC bought a new stake in shares of Orion Group in the 4th quarter valued at $49,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Orion Group by 1,936.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock valued at $69,000 after acquiring an additional 8,965 shares during the last quarter. Perritt Capital Management Inc bought a new position in shares of Orion Group in the 4th quarter worth about $73,000. Aigen Investment Management LP acquired a new position in shares of Orion Group in the 4th quarter valued at about $80,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Orion Group during the 4th quarter valued at about $88,000. Institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

Shares of NYSE:ORN opened at $6.44 on Thursday. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $12.12. The stock’s 50 day moving average is $5.85 and its 200-day moving average is $6.99. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $250.10 million, a price-to-earnings ratio of -16.10, a PEG ratio of 1.10 and a beta of 0.81.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. The firm had revenue of $188.65 million for the quarter, compared to analyst estimates of $177.33 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. Sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORN. DA Davidson began coverage on Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 price target on the stock. B. Riley upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

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.