GSA Capital Partners LLP Increases Stock Position in Orion Group Holdings, Inc. $ORN

GSA Capital Partners LLP boosted its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 129.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,863 shares of the construction company’s stock after purchasing an additional 60,373 shares during the quarter. GSA Capital Partners LLP’s holdings in Orion Group were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ORN. AQR Capital Management LLC raised its stake in Orion Group by 64.2% in the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock valued at $2,513,000 after purchasing an additional 187,819 shares in the last quarter. NewEdge Advisors LLC raised its stake in Orion Group by 55.7% in the first quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock valued at $131,000 after purchasing an additional 8,945 shares in the last quarter. Empowered Funds LLC raised its stake in Orion Group by 1.9% in the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after purchasing an additional 2,220 shares in the last quarter. Strs Ohio purchased a new stake in Orion Group in the first quarter valued at approximately $175,000. Finally, Creative Planning purchased a new stake in Orion Group in the second quarter valued at approximately $202,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Orion Group Stock Down 5.9%

Shares of NYSE ORN opened at $13.69 on Friday. Orion Group Holdings, Inc. has a one year low of $6.44 and a one year high of $15.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.40. The firm’s 50 day simple moving average is $12.28 and its two-hundred day simple moving average is $11.66. The stock has a market capitalization of $554.17 million, a P/E ratio of 65.19 and a beta of 1.39.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 EPS for the quarter. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. The business had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $198.13 million. As a group, analysts expect that Orion Group Holdings, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at Orion Group

In other Orion Group news, Director Margaret M. Foran sold 20,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $14.62, for a total transaction of $292,400.00. Following the transaction, the director directly owned 137,541 shares in the company, valued at $2,010,849.42. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Austin J. Shanfelter sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total transaction of $1,095,300.00. Following the completion of the transaction, the director owned 329,215 shares in the company, valued at $4,006,546.55. This represents a 21.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 141,390 shares of company stock worth $1,832,825 over the last ninety days. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ORN shares. Zacks Research raised shares of Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. DA Davidson raised their target price on shares of Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Wall Street Zen raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, B. Riley Financial increased their price target on shares of Orion Group from $15.50 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Orion Group has an average rating of “Buy” and a consensus price target of $17.00.

Orion Group Company 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.