Orion Group Holdings, Inc. (NYSE:ORN) Shares Bought by Millennium Management LLC

Millennium Management LLC increased its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,131 shares of the construction company's stock after acquiring an additional 38,123 shares during the period. Millennium Management LLC owned approximately 0.26% of Orion Group worth $749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new position in shares of Orion Group in the fourth quarter worth about $41,000. Quarry LP bought a new stake in Orion Group in the 4th quarter valued at $52,000. Perritt Capital Management Inc acquired a new stake in shares of Orion Group in the 4th quarter valued at $73,000. Aigen Investment Management LP acquired a new stake in shares of Orion Group in the 4th quarter valued at $80,000. Finally, Raymond James Financial Inc. acquired a new position in Orion Group during the 4th quarter worth about $88,000. Institutional investors own 70.25% of the company's stock.

Orion Group Stock Performance

NYSE:ORN opened at $9.22 on Friday. The stock has a market cap of $364.53 million, a P/E ratio of -23.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. 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 stock's 50-day moving average is $7.04 and its 200-day moving average is $7.28. Orion Group Holdings, Inc. has a 1-year low of $4.64 and a 1-year high of $12.12.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.12. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The firm had revenue of $188.65 million during the quarter, compared to the consensus estimate of $177.33 million. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Insider Activity

In other news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $8.67, for a total value of $260,100.00. Following the sale, the director now directly owns 419,215 shares in the company, valued at approximately $3,634,594.05. This trade represents a 6.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ORN. Wall Street Zen raised Orion Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a report 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.

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