Legato Capital Management LLC Buys 55,521 Shares of Orion Group Holdings, Inc. $ORN

Legato Capital Management LLC boosted its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 62.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 145,050 shares of the construction company’s stock after purchasing an additional 55,521 shares during the quarter. Legato Capital Management LLC’s holdings in Orion Group were worth $1,442,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its position in Orion Group by 1.9% during the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after purchasing an additional 2,220 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Orion Group by 6.1% during the third quarter. Envestnet Asset Management Inc. now owns 50,060 shares of the construction company’s stock valued at $416,000 after purchasing an additional 2,888 shares in the last quarter. Intech Investment Management LLC boosted its position in Orion Group by 20.9% during the third quarter. Intech Investment Management LLC now owns 17,316 shares of the construction company’s stock valued at $144,000 after purchasing an additional 2,999 shares in the last quarter. Comerica Bank boosted its position in Orion Group by 219.7% during the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after purchasing an additional 3,562 shares in the last quarter. Finally, Quarry LP acquired a new stake in Orion Group in the third quarter worth about $33,000. Institutional investors own 70.25% of the company’s stock.

Insider Transactions at Orion Group

In other news, Director Austin J. Shanfelter sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total value of $1,095,300.00. Following the completion of the transaction, the director directly owned 329,215 shares in the company, valued at $4,006,546.55. This trade represents a 21.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Margaret M. Foran sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $14.62, for a total value of $292,400.00. Following the completion of the transaction, the director owned 137,541 shares of the company’s stock, valued at approximately $2,010,849.42. The trade was a 12.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 141,390 shares of company stock worth $1,832,825 over the last three months. 5.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. DA Davidson raised their price target on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. B. Riley Financial raised their price target on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. One investment 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 company’s stock. According to MarketBeat, Orion Group has a consensus rating of “Buy” and an average target price of $17.00.

Orion Group Price Performance

Shares of NYSE ORN opened at $14.10 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.41. The company has a market cap of $570.77 million, a PE ratio of 67.15 and a beta of 1.39. The business has a 50-day simple moving average of $12.34 and a two-hundred day simple moving average of $11.69. Orion Group Holdings, Inc. has a fifty-two week low of $6.44 and a fifty-two week high of $15.85.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. Orion Group had a return on equity of 4.44% and a net margin of 0.98%.The business had revenue of $216.30 million during the quarter, compared to the consensus estimate of $198.13 million. As a group, equities analysts expect that Orion Group Holdings, Inc. will post 0.23 EPS for the current fiscal year.

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.