Orion Group (NYSE:ORN) Shares Cross Above Two Hundred Day Moving Average of $3.85

Orion Group Holdings, Inc. (NYSE:ORN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.85 and traded as high as $4.98. Orion Group shares last traded at $4.87, with a volume of 74,526 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on ORN. TheStreet raised Orion Group from a “d” rating to a “c-” rating in a report on Thursday, July 27th. B. Riley upgraded shares of Orion Group from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $5.00 to $3.00 in a research note on Friday, July 28th. Finally, StockNews.com began coverage on shares of Orion Group in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.

Orion Group Price Performance

The firm has a market capitalization of $158.23 million, a price-to-earnings ratio of -8.54 and a beta of 0.62. The company’s fifty day moving average price is $5.10 and its 200 day moving average price is $3.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.41 and a current ratio of 1.42.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $168.48 million during the quarter, compared to analyst estimates of $191.06 million. Orion Group had a negative return on equity of 13.78% and a negative net margin of 2.61%. Equities research analysts expect that Orion Group Holdings, Inc. will post -0.39 earnings per share for the current year.

Insider Transactions at Orion Group

In related news, CFO Gordon Scott Thanisch acquired 20,000 shares of Orion Group stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $4.60 per share, with a total value of $92,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 150,909 shares of the company’s stock, valued at approximately $694,181.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. acquired a new position in Orion Group in the fourth quarter worth approximately $28,000. UBS Group AG raised its holdings in Orion Group by 194.6% during the 3rd quarter. UBS Group AG now owns 6,508 shares of the construction company’s stock worth $35,000 after buying an additional 4,299 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Orion Group during the third quarter valued at about $36,000. Jane Street Group LLC purchased a new position in shares of Orion Group in the first quarter worth approximately $41,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Orion Group by 84.3% during the third quarter. Tower Research Capital LLC TRC now owns 16,176 shares of the construction company’s stock valued at $42,000 after acquiring an additional 7,397 shares during the period. 56.33% of the stock is owned by institutional investors and hedge funds.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.