Guggenheim Capital LLC reduced its position in shares of Orion Group Holdings Inc (NYSE:ORN) by 29.2% during the fourth quarter, Holdings Channel reports. The firm owned 384,714 shares of the company’s stock after selling 158,871 shares during the period. Guggenheim Capital LLC’s holdings in Orion Group Holdings were worth $3,827,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of ORN. Acrospire Investment Management LLC acquired a new stake in Orion Group Holdings during the third quarter worth about $111,000. Oxford Asset Management boosted its stake in Orion Group Holdings by 243.7% in the fourth quarter. Oxford Asset Management now owns 108,082 shares of the company’s stock worth $1,075,000 after buying an additional 76,632 shares during the period. Russell Investments Group Ltd. acquired a new stake in Orion Group Holdings during the fourth quarter worth about $5,507,000. Texas Permanent School Fund boosted its stake in Orion Group Holdings by 1.0% in the third quarter. Texas Permanent School Fund now owns 21,087 shares of the company’s stock worth $144,000 after buying an additional 212 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Orion Group Holdings by 257.9% in the third quarter. Acadian Asset Management LLC now owns 31,549 shares of the company’s stock worth $215,000 after buying an additional 22,735 shares during the period. Hedge funds and other institutional investors own 86.75% of the company’s stock.
Orion Group Holdings Inc (NYSE:ORN) opened at 7.86 on Tuesday. The company’s market cap is $218.22 million. The stock has a 50 day moving average of $9.67 and a 200-day moving average of $8.80. Orion Group Holdings Inc has a 52-week low of $4.57 and a 52-week high of $11.11.
Orion Group Holdings (NYSE:ORN) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $144.30 million for the quarter, compared to analysts’ expectations of $143.77 million. Orion Group Holdings had a return on equity of 1.83% and a net margin of 0.70%. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. On average, analysts forecast that Orion Group Holdings Inc will post $0.32 EPS for the current year.
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A number of analysts have issued reports on ORN shares. FBR & Co lifted their target price on shares of Orion Group Holdings from $9.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, January 26th. Zacks Investment Research upgraded shares of Orion Group Holdings from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, January 4th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $9.00 target price on shares of Orion Group Holdings in a research note on Friday, March 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.30.
Orion Group Holdings Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in the 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.
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