Orion Group Holdings Inc (ORN) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. boosted its stake in shares of Orion Group Holdings Inc (NYSE:ORN) by 17.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 240,870 shares of the construction company’s stock after buying an additional 36,122 shares during the period. Ameriprise Financial Inc.’s holdings in Orion Group were worth $1,580,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of ORN. QS Investors LLC grew its stake in shares of Orion Group 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 buying an additional 6,613 shares in the last quarter. Stevens Capital Management LP grew its stake in shares of Orion Group by 8.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock worth $107,000 after buying an additional 1,151 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Orion Group by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock worth $109,000 after buying an additional 100 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Orion Group in the 2nd quarter worth $133,000. Finally, Voya Investment Management LLC grew its stake in shares of Orion Group by 21.6% in the 2nd quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock worth $134,000 after buying an additional 3,175 shares in the last quarter. 85.48% of the stock is owned by institutional investors.
In other news, Director Austin J. Shanfelter sold 9,721 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $7.50, for a total value of $72,907.50. Following the completion of the sale, the director now owns 31,430 shares in the company, valued at approximately $235,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark R. Stauffer sold 20,000 shares of Orion Group stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $7.56, for a total transaction of $151,200.00. Following the sale, the insider now owns 362,631 shares of the company’s stock, valued at approximately $2,741,490.36. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the stock. B. Riley reissued a “buy” rating on shares of Orion Group in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Orion Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine cut shares of Orion Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $7.00 price objective on shares of Orion Group in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.00.
Shares of Orion Group Holdings Inc (NYSE:ORN) opened at $7.65 on Tuesday. The stock has a market cap of $215.73, a PE ratio of -13.66 and a beta of 1.32. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. Orion Group Holdings Inc has a twelve month low of $5.17 and a twelve month high of $11.11.
Orion Group (NYSE:ORN) last released its earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). The firm had revenue of $140.20 million during the quarter, compared to the consensus estimate of $166.08 million. Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. Orion Group’s revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. research analysts expect that Orion Group Holdings Inc will post -0.24 earnings per share for the current fiscal year.
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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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