Short Interest in Orion Group Holdings, Inc. (NYSE:ORN) Increases By 32.6%

Orion Group Holdings, Inc. (NYSE:ORN) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 450,000 shares, an increase of 32.6% from the March 15th total of 339,300 shares. Based on an average daily volume of 278,400 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.6% of the company’s stock are short sold.

Insider Transactions at Orion Group

In other Orion Group news, EVP Edward Chipman Earle purchased 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $6.88 per share, with a total value of $55,040.00. Following the completion of the transaction, the executive vice president now owns 69,602 shares of the company’s stock, valued at approximately $478,861.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Orion Group news, CEO Travis J. Boone purchased 12,000 shares of Orion Group stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $7.01 per share, for a total transaction of $84,120.00. Following the acquisition, the chief executive officer now directly owns 402,557 shares in the company, valued at $2,821,924.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward Chipman Earle acquired 8,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $6.88 per share, for a total transaction of $55,040.00. Following the completion of the transaction, the executive vice president now owns 69,602 shares in the company, valued at approximately $478,861.76. The disclosure for this purchase can be found here. Insiders purchased a total of 22,430 shares of company stock valued at $156,340 over the last ninety days. 7.30% of the stock is currently owned by insiders.

Institutional Trading of Orion Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its position in shares of Orion Group by 194.6% during the third quarter. UBS Group AG now owns 6,508 shares of the construction company’s stock worth $35,000 after acquiring an additional 4,299 shares during the period. Qube Research & Technologies Ltd purchased a new position in Orion Group during the third quarter valued at approximately $36,000. AJOVista LLC purchased a new position in Orion Group during the fourth quarter valued at approximately $51,000. Tower Research Capital LLC TRC increased its holdings in Orion Group by 2,851.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock valued at $52,000 after buying an additional 10,094 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in Orion Group during the fourth quarter valued at approximately $28,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORN has been the topic of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $9.50 price target (up from $6.25) on shares of Orion Group in a research report on Thursday, March 14th. StockNews.com lowered Orion Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 9th.

Orion Group Trading Down 2.1 %

Shares of NYSE:ORN traded down $0.17 during trading on Monday, reaching $7.88. The company’s stock had a trading volume of 349,501 shares, compared to its average volume of 271,571. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. Orion Group has a 12 month low of $2.33 and a 12 month high of $9.84. The firm’s 50 day simple moving average is $7.57 and its two-hundred day simple moving average is $5.91. The stock has a market capitalization of $255.63 million, a PE ratio of -14.33, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Orion Group had a negative net margin of 2.51% and a negative return on equity of 9.14%. The company had revenue of $201.59 million for the quarter, compared to analyst estimates of $191.31 million. On average, research analysts predict that Orion Group will post 0.19 EPS for the current fiscal year.

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, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.