Balyasny Asset Management L.P. Boosts Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Balyasny Asset Management L.P. raised its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 130.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,613 shares of the construction company’s stock after purchasing an additional 20,148 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Orion Group were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORN. Barclays PLC raised its position in Orion Group by 29.7% in the third quarter. Barclays PLC now owns 43,560 shares of the construction company’s stock valued at $252,000 after purchasing an additional 9,966 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Orion Group by 930.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock valued at $776,000 after buying an additional 121,507 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Orion Group by 1,936.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock valued at $69,000 after buying an additional 8,965 shares during the period. SG Americas Securities LLC raised its holdings in shares of Orion Group by 43.0% in the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock valued at $121,000 after buying an additional 4,978 shares during the period. Finally, Seros Financial LLC purchased a new stake in shares of Orion Group in the 4th quarter valued at $723,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

ORN stock opened at $8.67 on Friday. The business’s fifty day moving average price is $6.20 and its 200 day moving average price is $7.18. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a 12-month low of $4.64 and a 12-month high of $12.12. The company has a market capitalization of $343.01 million, a PE ratio of -21.68, a P/E/G ratio of 1.10 and a beta of 0.91.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $177.33 million. On average, sell-side analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ORN. StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th. B. Riley upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.

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.