Orion Group (NYSE:ORN) Shares Up 6.6%

Orion Group Holdings Inc (NYSE:ORN)’s share price rose 6.6% during mid-day trading on Wednesday . The company traded as high as $4.83 and last traded at $4.98, approximately 13,085 shares traded hands during mid-day trading. A decline of 89% from the average daily volume of 115,726 shares. The stock had previously closed at $4.67.

ORN has been the topic of a number of recent analyst reports. B. Riley raised their price target on shares of Orion Group from $5.00 to $5.75 and gave the stock a “buy” rating in a report on Friday, August 2nd. ValuEngine upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Mizuho reissued a “buy” rating and issued a $7.10 target price on shares of Orion Group in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded Orion Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Noble Financial reaffirmed a “buy” rating and set a $7.10 price target on shares of Orion Group in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $6.54.

The firm has a market cap of $138.00 million, a P/E ratio of -13.97 and a beta of 1.10. The firm’s fifty day moving average is $4.23 and its two-hundred day moving average is $3.29. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.75.



Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. Orion Group had a negative net margin of 20.68% and a negative return on equity of 12.42%. The business had revenue of $165.99 million during the quarter, compared to analyst estimates of $153.44 million. As a group, sell-side analysts forecast that Orion Group Holdings Inc will post -0.18 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in ORN. White Pine Capital LLC bought a new position in Orion Group in the second quarter worth about $27,000. Alambic Investment Management L.P. purchased a new position in shares of Orion Group during the 2nd quarter worth approximately $38,000. SG Americas Securities LLC grew its holdings in shares of Orion Group by 42.9% during the 1st quarter. SG Americas Securities LLC now owns 16,374 shares of the construction company’s stock worth $48,000 after acquiring an additional 4,914 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Orion Group during the 2nd quarter worth approximately $55,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Orion Group in the 2nd quarter worth approximately $57,000. Institutional investors own 79.23% of the company’s stock.

About Orion Group (NYSE:ORN)

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

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