10,000 Shares in Orion Group Holdings, Inc. (NYSE:ORN) Purchased by Perritt Capital Management Inc

Perritt Capital Management Inc acquired a new stake in Orion Group Holdings, Inc. (NYSE:ORN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the construction company’s stock, valued at approximately $73,000.

A number of other hedge funds have also added to or reduced their stakes in ORN. State Street Corp raised its stake 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 valued at $3,186,000 after acquiring an additional 118,296 shares in the last quarter. Wellington Management Group LLP purchased a new position in Orion Group during the 3rd quarter worth $2,318,000. JPMorgan Chase & Co. raised its position in Orion Group by 930.2% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Orion Group by 1.5% in the 3rd 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 period. Finally, Intech Investment Management LLC bought a new position in shares of Orion Group during the 3rd quarter worth $63,000. 70.25% of the stock is currently owned by institutional investors.

Orion Group Trading Up 1.6 %

Shares of NYSE ORN opened at $5.32 on Wednesday. Orion Group Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $12.12. The business has a fifty day moving average price of $6.89 and a 200 day moving average price of $7.05. The stock has a market capitalization of $207.23 million, a P/E ratio of -13.29, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. DA Davidson assumed coverage on Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company. StockNews.com lowered shares of Orion Group from a “buy” rating to a “hold” rating in a report on Sunday, March 23rd. Finally, B. Riley upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

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.