Orion Group (ORN) Cut to “Sell” at ValuEngine

Orion Group (NYSE:ORN) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other brokerages have also weighed in on ORN. Zacks Investment Research lowered shares of Orion Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Noble Financial assumed coverage on shares of Orion Group in a research report on Thursday, January 25th. They set a “buy” rating and a $10.00 target price on the stock. Canaccord Genuity upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Finally, B. Riley reiterated a “buy” rating and issued a $10.00 price target on shares of Orion Group in a research report on Monday, December 11th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $9.25.

Shares of Orion Group (NYSE ORN) traded down $0.33 on Friday, reaching $7.10. 84,358 shares of the company’s stock traded hands, compared to its average volume of 83,484. 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 has a one year low of $5.17 and a one year high of $10.62.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.25). Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The company had revenue of $140.20 million for the quarter, compared to analyst estimates of $166.08 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. equities analysts anticipate that Orion Group will post -0.25 EPS for the current year.

In other news, Director Austin J. Shanfelter sold 9,721 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $7.50, for a total value of $72,907.50. Following the sale, the director now directly owns 31,430 shares in the company, valued at $235,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark R. Stauffer sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $7.56, for a total transaction of $151,200.00. Following the completion of the sale, the insider now owns 362,631 shares in the company, valued at $2,741,490.36. The disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in ORN. Boston Partners grew its position in shares of Orion Group by 60.3% in the fourth quarter. Boston Partners now owns 1,845,059 shares of the construction company’s stock valued at $14,447,000 after purchasing an additional 694,395 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of Orion Group by 56.5% during the third quarter. Foundry Partners LLC now owns 790,075 shares of the construction company’s stock valued at $5,183,000 after buying an additional 285,165 shares during the period. Argent Capital Management LLC purchased a new position in shares of Orion Group during the second quarter valued at approximately $1,487,000. Dimensional Fund Advisors LP lifted its stake in shares of Orion Group by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock valued at $14,704,000 after buying an additional 159,616 shares during the period. Finally, Brandes Investment Partners LP lifted its stake in shares of Orion Group by 25.6% during the third quarter. Brandes Investment Partners LP now owns 423,018 shares of the construction company’s stock valued at $2,775,000 after buying an additional 86,259 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.

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Orion Group 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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