Two Sigma Advisers LP Has $798,000 Holdings in Orion Group Holdings (ORN)

Two Sigma Advisers LP reduced its stake in Orion Group Holdings (NYSE:ORN) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,967 shares of the construction company’s stock after selling 9,900 shares during the period. Two Sigma Advisers LP owned about 0.36% of Orion Group worth $798,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Orion Group in the 4th quarter worth approximately $188,000. The Manufacturers Life Insurance Company increased its stake in Orion Group by 17.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,887 shares of the construction company’s stock worth $186,000 after purchasing an additional 3,721 shares during the period. Wells Fargo & Company MN increased its stake in Orion Group by 69.6% in the 3rd quarter. Wells Fargo & Company MN now owns 32,271 shares of the construction company’s stock worth $212,000 after purchasing an additional 13,240 shares during the period. Arizona State Retirement System increased its stake in Orion Group by 223.9% in the 4th quarter. Arizona State Retirement System now owns 47,397 shares of the construction company’s stock worth $371,000 after purchasing an additional 32,762 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new position in Orion Group in the 4th quarter worth approximately $458,000. 90.10% of the stock is currently owned by institutional investors and hedge funds.

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ORN opened at $6.73 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.54 and a current ratio of 1.57. Orion Group Holdings has a 52-week low of $5.17 and a 52-week high of $8.61. The company has a market cap of $187.53, a PE ratio of -48.07 and a beta of 1.24.

Orion Group (NYSE:ORN) last posted its earnings results on Thursday, March 8th. The construction company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.12. Orion Group had a negative return on equity of 1.74% and a net margin of 0.07%. The firm had revenue of $162.20 million for the quarter, compared to analysts’ expectations of $176.06 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. equities analysts anticipate that Orion Group Holdings will post 0.14 EPS for the current year.

Several equities analysts have recently issued reports on ORN shares. Zacks Investment Research cut Orion Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Noble Financial started coverage on Orion Group in a research note on Thursday, January 25th. They set a “buy” rating and a $10.00 target price on the stock. ValuEngine cut Orion Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity reissued a “buy” rating and set a $9.00 target price on shares of Orion Group in a research note on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Orion Group currently has an average rating of “Hold” and an average price target of $9.75.

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Orion Group Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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

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