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

AJOVista LLC purchased a new stake in Orion Group Holdings, Inc. (NYSE:ORN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 10,266 shares of the construction company’s stock, valued at approximately $51,000.

Other hedge funds have also bought and sold shares of the company. Belvedere Trading LLC acquired a new position in Orion Group in the 3rd quarter worth about $112,000. Acuitas Investments LLC acquired a new stake in Orion Group in the 3rd quarter valued at $1,864,000. Assenagon Asset Management S.A. purchased a new stake in Orion Group in the 3rd quarter worth $125,000. AMH Equity Ltd raised its position in Orion Group by 518.8% during the third quarter. AMH Equity Ltd now owns 1,856,399 shares of the construction company’s stock worth $9,950,000 after acquiring an additional 1,556,399 shares during the period. Finally, Barclays PLC purchased a new position in Orion Group during the third quarter valued at $166,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. StockNews.com cut shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. B. Riley reiterated a “buy” rating and set a $9.50 price objective (up from $6.25) on shares of Orion Group in a research note on Thursday, March 14th.

Orion Group Stock Performance

Shares of ORN stock opened at $7.55 on Monday. The stock’s fifty day moving average is $7.98 and its two-hundred day moving average is $6.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.31 and a current ratio of 1.33. Orion Group Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $9.84.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. The firm had revenue of $160.67 million for the quarter, compared to the consensus estimate of $174.75 million. As a group, research analysts forecast that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at Orion Group

In related news, EVP Edward Chipman Earle acquired 8,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $6.88 per share, with a total value of $55,040.00. Following the transaction, the executive vice president now owns 69,602 shares of the company’s stock, valued at approximately $478,861.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Edward Chipman Earle bought 8,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $6.88 per share, with a total value of $55,040.00. Following the transaction, the executive vice president now directly owns 69,602 shares in the company, valued at approximately $478,861.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Travis J. Boone purchased 12,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $7.01 per share, for a total transaction of $84,120.00. Following the completion of the purchase, the chief executive officer now directly owns 402,557 shares of the company’s stock, valued at $2,821,924.57. The disclosure for this purchase can be found here. Insiders bought 30,990 shares of company stock worth $217,335 in the last 90 days. Insiders own 7.30% of the company’s stock.

About Orion Group

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.