Short Interest in Orion Group Holdings, Inc. (NYSE:ORN) Expands By 21.9%

by · The Cerbat Gem

Orion Group Holdings, Inc. (NYSE:ORN – Get Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 819,300 shares, an increase of 21.9% from the February 28th total of 672,200 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 425,600 shares, the short-interest ratio is presently 1.9 days.

Orion Group Price Performance

NYSE ORN traded down $0.49 on Thursday, hitting $5.01. 246,263 shares of the company were exchanged, compared to its average volume of 450,757. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The company has a market cap of $195.34 million, a P/E ratio of -12.52, a P/E/G ratio of 1.10 and a beta of 0.93. The firm has a 50 day moving average of $6.83 and a two-hundred day moving average of $7.04. Orion Group has a 1-year low of $4.85 and a 1-year high of $12.12.

Orion Group (NYSE:ORN – Get Free Report) last released its earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $216.88 million during the quarter, compared to the consensus estimate of $271.70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, equities analysts predict that Orion Group will post 0.06 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on ORN shares. StockNews.com lowered shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Sunday, March 23rd. DA Davidson began coverage on shares of Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, B. Riley raised Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

Get Our Latest Report on Orion Group

Institutional Investors Weigh In On Orion Group

Several institutional investors have recently modified their holdings of the business. Brandes Investment Partners LP boosted its stake in Orion Group by 3.8% in the fourth quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company’s stock valued at $25,143,000 after acquiring an additional 126,696 shares during the last quarter. Royce & Associates LP boosted its position in shares of Orion Group by 15.6% in the 4th quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company’s stock worth $14,833,000 after purchasing an additional 273,760 shares during the last quarter. Portolan Capital Management LLC grew its stake in shares of Orion Group by 56.6% during the third quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock worth $11,455,000 after purchasing an additional 717,533 shares during the period. Geode Capital Management LLC increased its holdings in Orion Group by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 778,443 shares of the construction company’s stock valued at $5,707,000 after purchasing an additional 101,526 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Orion Group by 9.1% in the fourth quarter. American Century Companies Inc. now owns 676,098 shares of the construction company’s stock valued at $4,956,000 after buying an additional 56,154 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Company Profile

(Get Free Report)

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.

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