Hillsdale Investment Management Inc. Takes Position in Orion Group Holdings, Inc. (NYSE:ORN)

Hillsdale Investment Management Inc. bought a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 396,633 shares of the construction company’s stock, valued at approximately $2,907,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORN. State Street Corp boosted its stake in Orion Group by 27.3% during the third quarter. State Street Corp now owns 552,152 shares of the construction company’s stock worth $3,186,000 after buying an additional 118,296 shares during the period. Wellington Management Group LLP bought a new stake in shares of Orion Group in the 3rd quarter worth about $2,318,000. JPMorgan Chase & Co. boosted its stake in shares of Orion Group by 930.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock worth $776,000 after purchasing an additional 121,507 shares during the period. Geode Capital Management LLC grew its holdings in Orion Group by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company’s stock valued at $3,907,000 after purchasing an additional 10,098 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Orion Group in the 3rd quarter worth about $63,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. DA Davidson assumed coverage on Orion Group in a research report on Friday, January 17th. They set a “buy” rating and a $11.00 target price for the company. StockNews.com cut Orion Group from a “buy” rating to a “hold” rating in a report on Sunday. Finally, B. Riley raised Orion Group to a “strong-buy” rating in a research report on Tuesday, March 18th.

Orion Group Trading Down 2.0 %

Shares of ORN opened at $5.77 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a market capitalization of $224.97 million, a price-to-earnings ratio of -14.42, a PEG ratio of 1.10 and a beta of 0.93. The company has a 50-day moving average of $7.17 and a 200 day moving average of $7.09. Orion Group Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $12.12.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The firm had revenue of $216.88 million during the quarter, compared to the consensus estimate of $271.70 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, research analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current 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.