Orion Group (NYSE:ORN) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Orion Group (NYSE:ORN) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

A number of other brokerages have also commented on ORN. DA Davidson started coverage on Orion Group in a report on Friday, January 17th. They set a “buy” rating and a $11.00 price target on the stock. B. Riley raised shares of Orion Group to a “strong-buy” rating in a research note on Tuesday, March 18th.

Orion Group Price Performance

Shares of ORN stock opened at $5.77 on Friday. The firm has a fifty day moving average of $7.13 and a two-hundred day moving average of $7.08. The firm has a market cap of $224.97 million, a P/E ratio of -14.42, a P/E/G ratio of 1.10 and a beta of 0.93. Orion Group has a 1-year low of $4.85 and a 1-year high of $12.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $216.88 million during the quarter, compared to the consensus estimate of $271.70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. During the same period last year, the firm earned $0.08 earnings per share. As a group, research analysts anticipate that Orion Group will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ORN. Heck Capital Advisors LLC bought a new position in shares of Orion Group during the 4th quarter valued at about $49,000. PharVision Advisers LLC acquired a new stake in Orion Group during the fourth quarter valued at approximately $197,000. Squarepoint Ops LLC boosted its holdings in Orion Group by 77.0% during the fourth quarter. Squarepoint Ops LLC now owns 48,861 shares of the construction company’s stock worth $358,000 after buying an additional 21,255 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Orion Group in the fourth quarter worth approximately $92,000. Finally, ProShare Advisors LLC bought a new position in shares of Orion Group in the fourth quarter valued at $75,000. 70.25% of the stock is owned by institutional investors and hedge funds.

About Orion Group

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.