Orion Group Holdings, Inc. $ORN Stock Purchased by CenterBook Partners LP

CenterBook Partners LP raised its position in Orion Group Holdings, Inc. (NYSE:ORN) by 357.2% in the 3rd quarter, Holdings Channel reports. The fund owned 755,765 shares of the company’s stock after purchasing an additional 590,467 shares during the period. CenterBook Partners LP’s holdings in Orion Group were worth $6,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Group One Trading LLC acquired a new stake in shares of Orion Group during the second quarter valued at about $26,000. Fifth Third Bancorp purchased a new position in Orion Group in the first quarter valued at about $52,000. Keating Financial Advisory Services Inc. purchased a new position in Orion Group in the second quarter valued at about $107,000. Legal & General Group Plc acquired a new stake in Orion Group during the 2nd quarter valued at approximately $146,000. Finally, Skylands Capital LLC purchased a new stake in Orion Group during the 3rd quarter worth approximately $90,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Price Performance

ORN stock traded up $0.32 during trading hours on Friday, hitting $7.21. 893,600 shares of the stock traded hands, compared to its average volume of 597,368. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.62. The stock has a 50-day simple moving average of $8.84 and a 200 day simple moving average of $11.72. Orion Group Holdings, Inc. has a one year low of $6.75 and a one year high of $17.40. The company has a market cap of $293.00 million, a P/E ratio of 48.04 and a beta of 1.58.

Orion Group (NYSE:ORN) last announced its earnings results on Tuesday, October 27th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $256.15 million during the quarter, compared to analysts’ expectations of $245.98 million. Orion Group had a net margin of 0.62% and a return on equity of 3.59%. Equities analysts forecast that Orion Group Holdings, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Orion Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 22nd. Oppenheimer decreased their price target on Orion Group from $20.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Zacks Research raised Orion Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. JPMorgan Chase & Co. decreased their target price on Orion Group from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Finally, Roth Capital set a $15.00 price target on Orion Group in a report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $14.75.

About Orion Group

Orion Group Holdings, Inc (NYSE:ORN) is a construction company that provides infrastructure services for public- and private-sector customers in the United States. The company operates through its Marine and Concrete segments, serving markets that require specialized construction capabilities and project management.

Orion’s marine construction business focuses on projects involving ports, waterways and other marine infrastructure. Its services include the construction and repair of piers, docks, bridges, breakwaters and other marine structures, as well as dredging, marine transportation and related site work.