Orion Group Holdings, Inc. $ORN Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY decreased its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 893,822 shares of the construction company’s stock after selling 42,330 shares during the quarter. Orion Group makes up 1.7% of Grace & White Inc. NY’s holdings, making the stock its 18th biggest position. Grace & White Inc. NY owned about 2.22% of Orion Group worth $9,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Quarry LP purchased a new position in Orion Group in the 3rd quarter valued at about $33,000. Comerica Bank increased its stake in Orion Group by 219.7% during the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock worth $43,000 after buying an additional 3,562 shares in the last quarter. OpenArc Corporate Advisory LLC acquired a new position in shares of Orion Group during the fourth quarter valued at approximately $100,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Orion Group during the third quarter valued at approximately $86,000. Finally, Millennium Management LLC purchased a new position in shares of Orion Group in the third quarter valued at approximately $91,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

ORN stock opened at $16.33 on Friday. Orion Group Holdings, Inc. has a 1 year low of $6.44 and a 1 year high of $16.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.40. The firm has a market capitalization of $661.20 million, a PE ratio of 77.78 and a beta of 1.37. The business has a 50 day simple moving average of $14.17 and a 200-day simple moving average of $12.52.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.05 EPS for the quarter. The firm had revenue of $216.30 million for the quarter, compared to the consensus estimate of $198.12 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Margaret M. Foran sold 10,695 shares of Orion Group stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $15.70, for a total transaction of $167,911.50. Following the transaction, the director owned 116,846 shares in the company, valued at $1,834,482.20. The trade was a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 40,695 shares of company stock valued at $606,512. 5.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORN. JPMorgan Chase & Co. lifted their price target on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Zacks Research upgraded Orion Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, B. Riley Financial upped their target price on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $17.00.

About Orion Group

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.