Millennium Management LLC Has $749,000 Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Millennium Management LLC boosted its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 59.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,131 shares of the construction company's stock after purchasing an additional 38,123 shares during the period. Millennium Management LLC owned about 0.26% of Orion Group worth $749,000 as of its most recent SEC filing.

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

Orion Group Stock Performance

Shares of NYSE:ORN traded down $0.13 during trading hours on Tuesday, hitting $8.77. The stock had a trading volume of 379,233 shares, compared to its average volume of 456,826. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group Holdings, Inc. has a 1-year low of $4.64 and a 1-year high of $12.12. The stock's fifty day simple moving average is $7.18 and its 200 day simple moving average is $7.27. The firm has a market capitalization of $346.89 million, a price-to-earnings ratio of -21.92, a PEG ratio of 1.10 and a beta of 0.99.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. B. Riley raised their target price on shares of Orion Group from $9.00 to $11.50 and gave the stock a "buy" rating in a research report on Tuesday.

Insiders Place Their Bets

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of the company's stock in a transaction 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 transaction, the director now owns 419,215 shares of the company's stock, valued at approximately $3,634,594.05. This represents a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.90% of the stock is owned by company insiders.

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.