Monimus Capital Management LP Invests $930,000 in Orion Group Holdings, Inc. (NYSE:ORN)

Monimus Capital Management LP purchased a new stake in Orion Group Holdings, Inc. (NYSE:ORN) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 126,817 shares of the construction company’s stock, valued at approximately $930,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ORN. State Street Corp lifted its holdings in shares of Orion Group by 27.3% during the third quarter. State Street Corp now owns 552,152 shares of the construction company’s stock worth $3,186,000 after purchasing an additional 118,296 shares during the period. Wellington Management Group LLP bought a new position in Orion Group during the third quarter worth $2,318,000. Royce & Associates LP raised its stake in Orion Group by 12.9% during the third quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock worth $10,096,000 after buying an additional 200,420 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Orion Group by 930.2% during the third quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock worth $776,000 after buying an additional 121,507 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Orion Group by 1.5% during the third quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company’s stock worth $3,907,000 after buying an additional 10,098 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. DA Davidson initiated coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 price target for the company. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a report on Saturday.

Orion Group Trading Up 4.8 %

Shares of ORN opened at $5.56 on Friday. The stock has a market capitalization of $216.59 million, a P/E ratio of -13.89, a PEG ratio of 1.10 and a beta of 0.93. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $7.31 and a two-hundred day simple moving average of $7.14. Orion Group Holdings, Inc. has a twelve month low of $4.85 and a twelve month high of $12.12.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $216.88 million during the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same period last year, the business earned $0.08 EPS. On average, research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

About Orion Group

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.