Orion Group Holdings, Inc. (NYSE:ORN) Short Interest Update

Orion Group Holdings, Inc. (NYSE:ORN) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 1,296,282 shares, a decline of 24.1% from the January 29th total of 1,707,218 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 486,889 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 486,889 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.5% of the company’s stock are sold short.

Orion Group Stock Performance

Shares of ORN stock traded down $0.34 on Tuesday, reaching $13.38. The stock had a trading volume of 429,622 shares, compared to its average volume of 400,317. Orion Group has a 12 month low of $4.64 and a 12 month high of $15.00. The firm has a market capitalization of $533.86 million, a price-to-earnings ratio of 58.18 and a beta of 1.15. The firm’s 50-day moving average is $12.13 and its two-hundred day moving average is $10.07. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of Orion Group by 1.0% during the 4th quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock worth $894,000 after acquiring an additional 888 shares during the last quarter. Deutsche Bank AG boosted its position in Orion Group by 5.7% during the fourth quarter. Deutsche Bank AG now owns 33,690 shares of the construction company’s stock worth $335,000 after purchasing an additional 1,802 shares during the period. Empowered Funds LLC increased its holdings in shares of Orion Group by 1.9% in the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after purchasing an additional 2,220 shares during the last quarter. OLD National Bancorp IN raised its position in shares of Orion Group by 20.7% in the third quarter. OLD National Bancorp IN now owns 16,047 shares of the construction company’s stock valued at $134,000 after purchasing an additional 2,751 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Orion Group by 171.1% in the second quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock valued at $41,000 after purchasing an additional 2,832 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORN has been the subject of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Orion Group in a research report on Thursday, February 5th. DA Davidson increased their price objective on shares of Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. started coverage on Orion Group in a report on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd. Finally, Roth Mkm began coverage on Orion Group in a research note on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price target for the company. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.88.

Orion Group Company Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.