Corton Capital Inc. Takes $161,000 Position in Orion Group Holdings, Inc. (NYSE:ORN)

Corton Capital Inc. bought a new position in Orion Group Holdings, Inc. (NYSE:ORN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,967 shares of the construction company’s stock, valued at approximately $161,000.

A number of other institutional investors have also recently bought and sold shares of ORN. JPMorgan Chase & Co. boosted its holdings in shares of Orion Group by 930.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock valued at $776,000 after purchasing an additional 121,507 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Orion Group by 43.0% in the fourth quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock valued at $121,000 after acquiring an additional 4,978 shares during the last quarter. Barclays PLC grew its position in Orion Group by 29.7% during the third quarter. Barclays PLC now owns 43,560 shares of the construction company’s stock valued at $252,000 after acquiring an additional 9,966 shares during the period. Seros Financial LLC acquired a new stake in Orion Group during the fourth quarter worth about $723,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Orion Group in the 4th quarter worth about $108,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Price Performance

ORN stock opened at $7.70 on Friday. The stock has a 50-day simple moving average of $5.89 and a 200-day simple moving average of $7.06. The firm has a market cap of $304.53 million, a P/E ratio of -19.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group Holdings, Inc. has a 1 year low of $4.64 and a 1 year high of $12.12.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. The company had revenue of $188.65 million for the quarter, compared to analyst estimates of $177.33 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. On average, equities analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORN. StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th. B. Riley upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, DA Davidson began coverage on shares of Orion Group in a report on Friday, January 17th. They set a “buy” rating and a $11.00 target price on the stock.

Orion Group Profile

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