NewEdge Advisors LLC Purchases New Position in Orion Group Holdings, Inc. (NYSE:ORN)

NewEdge Advisors LLC purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,056 shares of the construction company’s stock, valued at approximately $118,000.

Several other institutional investors also recently bought and sold shares of ORN. Heck Capital Advisors LLC purchased a new position in shares of Orion Group during the 4th quarter valued at approximately $49,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 purchasing an additional 8,965 shares in the last quarter. Perritt Capital Management Inc acquired a new stake in shares of Orion Group in the fourth quarter valued at about $73,000. Aigen Investment Management LP purchased a new stake in shares of Orion Group during the fourth quarter worth about $80,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Orion Group during the 4th quarter worth about $88,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Trading Up 11.5 %

Shares of Orion Group stock opened at $7.26 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $5.85 and its 200-day simple moving average is $7.01. The stock has a market cap of $281.94 million, a P/E ratio of -18.15, a P/E/G ratio of 1.10 and a beta of 0.81. Orion Group Holdings, Inc. has a 1-year low of $4.64 and a 1-year high of $12.12.

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, topping analysts’ consensus estimates of ($0.11) by $0.12. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The company had revenue of $188.65 million for the quarter, compared to analyst estimates of $177.33 million. Analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.