Orion Group Holdings, Inc. (ORN) Downgraded to Sell at ValuEngine
ValuEngine downgraded shares of Orion Group Holdings, Inc. (NYSE:ORN) from a hold rating to a sell rating in a report released on Wednesday morning.
A number of other research analysts also recently commented on the stock. Canaccord Genuity raised shares of Orion Group Holdings from a hold rating to a buy rating in a report on Wednesday, November 8th. B. Riley reaffirmed a buy rating on shares of Orion Group Holdings in a report on Wednesday, November 1st. FBR & Co lowered their price target on shares of Orion Group Holdings from $12.00 to $10.00 and set a buy rating for the company in a report on Friday, August 18th. Finally, Zacks Investment Research raised shares of Orion Group Holdings from a strong sell rating to a hold rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $8.50.
Orion Group Holdings (ORN) traded up $0.06 on Wednesday, hitting $7.50. 105,498 shares of the company’s stock traded hands, compared to its average volume of 126,573. Orion Group Holdings has a twelve month low of $5.17 and a twelve month high of $11.11. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30.
Orion Group Holdings (NYSE:ORN) last released its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.25). Orion Group Holdings had a negative net margin of 2.76% and a negative return on equity of 2.96%. The company had revenue of $140.20 million for the quarter, compared to the consensus estimate of $166.08 million. During the same period last year, the company earned $0.17 EPS. The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. sell-side analysts forecast that Orion Group Holdings will post 0.05 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. QS Investors LLC lifted its holdings in shares of Orion Group Holdings by 94.3% in the 2nd quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after acquiring an additional 6,613 shares during the last quarter. Stevens Capital Management LP lifted its holdings in shares of Orion Group Holdings by 8.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock valued at $107,000 after acquiring an additional 1,151 shares during the last quarter. Arizona State Retirement System lifted its stake in Orion Group Holdings by 0.7% in the second quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock worth $109,000 after purchasing an additional 100 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Orion Group Holdings in the second quarter worth about $133,000. Finally, Voya Investment Management LLC lifted its stake in Orion Group Holdings by 21.6% in the second quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock worth $134,000 after purchasing an additional 3,175 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.
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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