Orion Group Holdings, Inc. (NYSE:ORN) Director Austin J. Shanfelter sold 9,721 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $7.50, for a total transaction of $72,907.50. Following the sale, the director now owns 31,430 shares in the company, valued at approximately $235,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Orion Group Holdings, Inc. (NYSE:ORN) traded down $0.04 during mid-day trading on Tuesday, reaching $7.67. 62,500 shares of the company’s stock traded hands, compared to its average volume of 126,316. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. Orion Group Holdings, Inc. has a 12 month low of $5.17 and a 12 month high of $11.11.

Orion Group Holdings (NYSE:ORN) last posted its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). Orion Group Holdings had a negative return on equity of 2.96% and a negative net margin of 2.76%. The firm had revenue of $140.20 million for the quarter, compared to the consensus estimate of $166.08 million. During the same period in the prior year, the company posted $0.17 earnings per share. Orion Group Holdings’s quarterly revenue was down 14.5% on a year-over-year basis. equities research analysts predict that Orion Group Holdings, Inc. will post -0.05 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. QS Investors LLC increased its position in shares of Orion Group Holdings by 94.3% during the 2nd quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock worth $102,000 after purchasing an additional 6,613 shares in the last quarter. Stevens Capital Management LP boosted its stake in shares of Orion Group Holdings by 8.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock valued at $107,000 after purchasing an additional 1,151 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Orion Group Holdings by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock valued at $109,000 after purchasing an additional 100 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Orion Group Holdings during the 2nd quarter worth approximately $133,000. Finally, Voya Investment Management LLC boosted its stake in Orion Group Holdings by 21.6% during the 2nd quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock worth $134,000 after acquiring an additional 3,175 shares during the last quarter. Institutional investors own 88.03% of the company’s stock.

ORN has been the topic of a number of recent analyst reports. Canaccord Genuity restated a “hold” rating and set a $7.00 price target on shares of Orion Group Holdings in a report on Thursday, October 5th. ValuEngine lowered shares of Orion Group Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Orion Group Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. FBR & Co dropped their price objective on shares of Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Finally, B. Riley reiterated a “buy” rating on shares of Orion Group Holdings in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.50.

Orion Group Holdings Company Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

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