Orion Group Holdings, Inc. (NYSE:ORN) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other research firms have also recently commented on ORN. Canaccord Genuity reiterated a “hold” rating and set a $7.00 target price on shares of Orion Group Holdings in a research note on Thursday, October 5th. Zacks Investment Research upgraded Orion Group Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. FBR & Co lowered their target price on 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Orion Group Holdings presently has an average rating of “Hold” and an average price target of $8.50.

Shares of Orion Group Holdings (NYSE:ORN) traded down $0.06 during trading hours on Wednesday, reaching $7.50. The company’s stock had a trading volume of 96,000 shares, compared to its average volume of 126,850. The company has a current ratio of 1.49, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Orion Group Holdings has a fifty-two week low of $5.17 and a fifty-two week high of $11.11.

Orion Group Holdings (NYSE:ORN) last released its earnings results on Wednesday, November 8th. The construction company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.25). The business had revenue of $140.20 million for the quarter, compared to the consensus estimate of $166.08 million. Orion Group Holdings had a negative return on equity of 2.96% and a negative net margin of 2.76%. The company’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. sell-side analysts forecast that Orion Group Holdings will post 0.05 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. QS Investors LLC increased its holdings in Orion Group Holdings by 94.3% in the 2nd quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock worth $102,000 after acquiring an additional 6,613 shares during the last quarter. Texas Permanent School Fund grew its holdings in Orion Group Holdings by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock valued at $152,000 after buying an additional 249 shares in the last quarter. Vanguard Group Inc. grew its holdings in Orion Group Holdings by 14.3% during the 1st quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock valued at $10,730,000 after buying an additional 179,950 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Orion Group Holdings by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 312,968 shares of the construction company’s stock valued at $2,338,000 after buying an additional 14,096 shares in the last quarter. Finally, AJO LP purchased a new position in Orion Group Holdings during the 2nd quarter valued at about $1,109,000. 88.67% of the stock is owned by institutional investors.

About Orion Group Holdings

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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