Seros Financial LLC Makes New Investment in Orion Group Holdings, Inc. $ORN

Seros Financial LLC bought a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 168,704 shares of the construction company’s stock, valued at approximately $2,838,000. Orion Group accounts for 1.5% of Seros Financial LLC’s investment portfolio, making the stock its 12th biggest position. Seros Financial LLC owned 0.42% of Orion Group at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ORN. AQR Capital Management LLC grew its holdings in shares of Orion Group by 64.2% during the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock valued at $2,513,000 after buying an additional 187,819 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Orion Group by 55.7% in the 1st quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock worth $131,000 after acquiring an additional 8,945 shares in the last quarter. Empowered Funds LLC lifted its stake in Orion Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after acquiring an additional 2,220 shares in the last quarter. Strs Ohio acquired a new stake in Orion Group during the 1st quarter worth about $175,000. Finally, Creative Planning acquired a new stake in Orion Group during the 2nd quarter worth about $202,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Stock Performance

Shares of NYSE ORN opened at $9.26 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51. Orion Group Holdings, Inc. has a one year low of $6.60 and a one year high of $17.40. The business’s 50-day moving average price is $12.78 and its two-hundred day moving average price is $12.85. The company has a market capitalization of $374.94 million, a P/E ratio of 102.90 and a beta of 1.40.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The firm had revenue of $221.88 million for the quarter, compared to analysts’ expectations of $225.72 million. Orion Group had a return on equity of 3.07% and a net margin of 0.40%. Analysts anticipate that Orion Group Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Orion Group news, Director Robert Ledford bought 20,000 shares of Orion Group stock in a transaction on Friday, July 31st. The stock was purchased at an average cost of $9.62 per share, for a total transaction of $192,400.00. Following the completion of the purchase, the director directly owned 43,112 shares of the company’s stock, valued at $414,737.44. The trade was a 86.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary E. Sullivan bought 3,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $9.79 per share, with a total value of $29,370.00. Following the completion of the transaction, the director directly owned 277,904 shares of the company’s stock, valued at approximately $2,720,680.16. This represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 28,000 shares of company stock worth $270,820. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Oppenheimer initiated coverage on Orion Group in a report on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 target price on the stock. Roth Capital set a $15.00 price objective on shares of Orion Group in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. upped their price objective on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Finally, Wall Street Zen downgraded shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Orion Group currently has an average rating of “Hold” and a consensus target price of $17.20.

Orion Group 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.