GSA Capital Partners LLP Sells 189,542 Shares of Orion Group Holdings, Inc. $ORN

GSA Capital Partners LLP reduced its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 80.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,490 shares of the construction company’s stock after selling 189,542 shares during the period. GSA Capital Partners LLP’s holdings in Orion Group were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in Orion Group by 171.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock worth $41,000 after acquiring an additional 2,832 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in Orion Group by 69.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 10,455 shares of the construction company’s stock valued at $95,000 after acquiring an additional 4,292 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Orion Group in the third quarter valued at about $87,000. Cerity Partners LLC bought a new position in shares of Orion Group in the second quarter worth about $106,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Orion Group during the 2nd quarter worth about $129,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Price Performance

Shares of ORN stock opened at $14.07 on Thursday. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $15.00. The company has a market capitalization of $561.51 million, a P/E ratio of 61.19 and a beta of 1.18. The stock has a 50 day moving average of $11.87 and a two-hundred day moving average of $9.85. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

ORN has been the subject of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Orion Group in a research note on Thursday, January 22nd. They set an “overweight” rating and a $16.00 target price for the company. B. Riley Financial reiterated a “buy” rating on shares of Orion Group in a report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Orion Group in a research report on Thursday, January 22nd. DA Davidson raised their price objective on shares of Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Roth Mkm assumed coverage on shares of Orion Group in a research report on Tuesday, February 10th. They set a “buy” rating and a $17.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.88.

Orion Group Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.