Orion Group Holdings, Inc. (NYSE:ORN) Short Interest Update

Orion Group Holdings, Inc. (NYSE:ORN) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,800,000 shares, an increase of 156.7% from the June 30th total of 701,100 shares. Currently, 6.0% of the company’s stock are short sold. Based on an average daily volume of 511,600 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

A number of research firms recently issued reports on ORN. B. Riley upped their price target on shares of Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a research note on Tuesday, June 4th. StockNews.com downgraded shares of Orion Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Craig Hallum initiated coverage on Orion Group in a research report on Tuesday, May 14th. They issued a “buy” rating and a $14.00 price target for the company.

Orion Group Trading Up 7.5 %

Shares of ORN stock traded up $0.59 during trading hours on Friday, reaching $8.50. 1,030,174 shares of the stock were exchanged, compared to its average volume of 399,313. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.36. Orion Group has a 12-month low of $3.13 and a 12-month high of $12.12. The firm has a market capitalization of $279.31 million, a price-to-earnings ratio of -23.97, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company’s 50-day moving average price is $9.66 and its 200-day moving average price is $8.03.

Orion Group (NYSE:ORN) last released its earnings results on Wednesday, July 24th. The construction company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.71%. The business had revenue of $192.17 million for the quarter, compared to the consensus estimate of $194.83 million. During the same period in the prior year, the company posted ($0.14) EPS. As a group, equities analysts anticipate that Orion Group will post 0.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Austin J. Shanfelter sold 40,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $9.01, for a total transaction of $360,400.00. Following the sale, the director now owns 437,734 shares in the company, valued at $3,943,983.34. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Gordon Scott Thanisch bought 4,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average price of $7.12 per share, for a total transaction of $28,480.00. Following the purchase, the chief financial officer now owns 167,811 shares in the company, valued at $1,194,814.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Austin J. Shanfelter sold 40,000 shares of Orion Group stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $9.01, for a total value of $360,400.00. Following the sale, the director now directly owns 437,734 shares in the company, valued at approximately $3,943,983.34. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 8,560 shares of company stock worth $60,995. 7.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Orion Group

A number of institutional investors have recently added to or reduced their stakes in ORN. Lazard Asset Management LLC acquired a new stake in Orion Group in the first quarter valued at approximately $41,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Orion Group in the 1st quarter valued at about $83,000. AJOVista LLC purchased a new stake in shares of Orion Group in the fourth quarter worth about $51,000. Tower Research Capital LLC TRC raised its position 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 acquiring an additional 10,094 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Orion Group during the fourth quarter worth $82,000. Institutional investors own 70.25% of the company’s stock.

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.