Ajo LP Invests $1.11 Million in Orion Group Holdings, Inc. (ORN) Stock

Ajo LP bought a new stake in Orion Group Holdings, Inc. (NYSE:ORN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 148,408 shares of the construction company’s stock, valued at approximately $1,109,000. Ajo LP owned 0.53% of Orion Group Holdings as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System raised its position in Orion Group Holdings by 1.4% in the first quarter. Arizona State Retirement System now owns 14,435 shares of the construction company’s stock valued at $108,000 after purchasing an additional 200 shares during the period. Trexquant Investment LP raised its position in Orion Group Holdings by 41.0% in the first quarter. Trexquant Investment LP now owns 14,848 shares of the construction company’s stock valued at $111,000 after purchasing an additional 4,316 shares during the period. LS Investment Advisors LLC raised its position in Orion Group Holdings by 1,915.0% in the first quarter. LS Investment Advisors LLC now owns 18,719 shares of the construction company’s stock valued at $140,000 after purchasing an additional 17,790 shares during the period. Alliancebernstein L.P. purchased a new stake in Orion Group Holdings in the second quarter valued at $143,000. Finally, Texas Permanent School Fund raised its position in Orion Group Holdings by 1.2% in the second quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock valued at $152,000 after purchasing an additional 249 shares during the period. Institutional investors own 87.79% of the company’s stock.

A number of equities research analysts have commented on ORN shares. Zacks Investment Research upgraded Orion Group Holdings from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Thursday, June 29th. Canaccord Genuity reduced their target price on Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, August 4th. Finally, FBR & Co reduced their target price on 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $8.25.

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Shares of Orion Group Holdings, Inc. (NYSE:ORN) opened at 5.94 on Thursday. The stock’s market cap is $167.53 million. The company has a 50 day moving average price of $5.84 and a 200 day moving average price of $7.11. Orion Group Holdings, Inc. has a 12-month low of $5.17 and a 12-month high of $11.11.

Orion Group Holdings (NYSE:ORN) last announced its earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.16). Orion Group Holdings had a positive return on equity of 1.37% and a negative net margin of 0.98%. The business had revenue of $137.40 million for the quarter, compared to analysts’ expectations of $161.68 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. Analysts anticipate that Orion Group Holdings, Inc. will post $0.02 earnings per share for the current fiscal year.

Orion Group Holdings Company Profile

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.

Institutional Ownership by Quarter for Orion Group Holdings (NYSE:ORN)

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