Canaccord Genuity upgraded shares of Orion Group Holdings, Inc. (NYSE:ORN) from a hold rating to a buy rating in a research note released on Wednesday morning, The Fly reports.

ORN has been the topic of several other reports. B. Riley reiterated a buy rating on shares of Orion Group Holdings in a research report on Wednesday, November 1st. FBR & Co decreased their price target on shares of Orion Group Holdings from $12.00 to $10.00 and set a buy rating on the stock in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Orion Group Holdings from a strong sell rating to a hold rating in a research report on Tuesday, October 24th.

Orion Group Holdings (ORN) traded down $0.11 on Wednesday, reaching $7.60. 194,300 shares of the company’s stock traded hands, compared to its average volume of 102,628. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.60 and a current ratio of 1.49. Orion Group Holdings has a fifty-two week low of $5.17 and a fifty-two week high of $11.11.

Orion Group Holdings (NYSE:ORN) last released its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). Orion Group Holdings had a negative return on equity of 2.96% and a negative net margin of 2.76%. The business had revenue of $140.20 million during the quarter, compared to the consensus estimate of $166.08 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. The firm’s revenue was down 14.5% on a year-over-year basis. equities analysts anticipate that Orion Group Holdings will post 0.05 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Orion Group Holdings by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock valued at $14,704,000 after purchasing an additional 159,616 shares during the period. Vanguard Group Inc. raised its position in shares of Orion Group Holdings by 14.3% during the 1st quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock valued at $10,730,000 after purchasing an additional 179,950 shares during the period. Foundry Partners LLC raised its position in shares of Orion Group Holdings by 56.5% during the 3rd quarter. Foundry Partners LLC now owns 790,075 shares of the construction company’s stock valued at $5,183,000 after purchasing an additional 285,165 shares during the period. Grace & White Inc. NY raised its position in shares of Orion Group Holdings by 11.4% during the 3rd quarter. Grace & White Inc. NY now owns 744,453 shares of the construction company’s stock valued at $4,884,000 after purchasing an additional 76,083 shares during the period. Finally, State Street Corp raised its position in shares of Orion Group Holdings by 7.0% during the 2nd quarter. State Street Corp now owns 676,107 shares of the construction company’s stock valued at $5,049,000 after purchasing an additional 44,198 shares during the period. Hedge funds and other institutional investors own 89.58% of the company’s stock.

About Orion Group Holdings

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

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