Royce & Associates LP Sells 45,660 Shares of Orion Group Holdings, Inc. $ORN

Royce & Associates LP cut its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,658,514 shares of the construction company’s stock after selling 45,660 shares during the quarter. Royce & Associates LP owned 4.16% of Orion Group worth $16,486,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Legato Capital Management LLC increased its stake in Orion Group by 62.0% in the fourth quarter. Legato Capital Management LLC now owns 145,050 shares of the construction company’s stock valued at $1,442,000 after acquiring an additional 55,521 shares during the last quarter. Seros Financial LLC increased its stake in Orion Group by 21.5% in the fourth quarter. Seros Financial LLC now owns 162,134 shares of the construction company’s stock valued at $1,612,000 after acquiring an additional 28,686 shares during the last quarter. GSA Capital Partners LLP increased its stake in Orion Group by 129.9% in the fourth quarter. GSA Capital Partners LLP now owns 106,863 shares of the construction company’s stock valued at $1,062,000 after acquiring an additional 60,373 shares during the last quarter. Simcoe Capital LLC bought a new position in Orion Group in the fourth quarter valued at approximately $4,509,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Orion Group in the fourth quarter valued at approximately $2,977,000. 70.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports 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. Weiss Ratings raised shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. 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. Roth Mkm started coverage on shares of Orion Group in a research note on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, DA Davidson lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $17.00.

Orion Group Stock Performance

Shares of Orion Group stock opened at $14.40 on Wednesday. Orion Group Holdings, Inc. has a fifty-two week low of $6.44 and a fifty-two week 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 has a market capitalization of $582.91 million, a P/E ratio of 68.57 and a beta of 1.39. The company’s 50 day moving average price is $12.50 and its two-hundred day moving average price is $11.73.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. The firm had revenue of $216.30 million for the quarter, compared to analyst estimates of $198.13 million. On average, equities analysts forecast that Orion Group Holdings, Inc. will post 0.23 earnings per share for the current fiscal year.

Insider Transactions at Orion Group

In other news, Director Margaret M. Foran sold 20,000 shares of Orion Group stock in a transaction 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 owned 137,541 shares in the company, valued at approximately $2,010,849.42. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Quentin P. Jr. Smith sold 10,695 shares of Orion Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total transaction of $131,013.75. Following the transaction, the director owned 90,659 shares in the company, valued at approximately $1,110,572.75. This trade represents a 10.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 141,390 shares of company stock worth $1,832,825. Company insiders own 5.70% of the company’s stock.

About Orion Group

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.