Formula Growth Ltd. Has $4.85 Million Stock Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Formula Growth Ltd. boosted its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 662,000 shares of the construction company's stock after acquiring an additional 56,000 shares during the period. Orion Group makes up approximately 1.6% of Formula Growth Ltd.'s holdings, making the stock its 13th largest holding. Formula Growth Ltd. owned approximately 1.70% of Orion Group worth $4,852,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of Orion Group during the 4th quarter valued at about $49,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Orion Group by 1,936.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock valued at $69,000 after purchasing an additional 8,965 shares in the last quarter. Perritt Capital Management Inc bought a new stake in shares of Orion Group in the 4th quarter valued at approximately $73,000. Aigen Investment Management LP acquired a new position in shares of Orion Group in the 4th quarter worth approximately $80,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Orion Group in the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ORN shares. DA Davidson assumed coverage on Orion Group in a research report on Friday, January 17th. They issued a "buy" rating and a $11.00 price target on the stock. B. Riley raised shares of Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, StockNews.com upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

Orion Group Price Performance

ORN stock traded up $0.07 during midday trading on Thursday, reaching $6.12. 56,066 shares of the company's stock traded hands, compared to its average volume of 404,535. The company has a 50-day simple moving average of $5.99 and a two-hundred day simple moving average of $6.98. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a 1-year low of $4.64 and a 1-year high of $12.12. The company has a market cap of $237.67 million, a price-to-earnings ratio of -15.29, a PEG ratio of 1.10 and a beta of 0.81.

Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 0.71% and a negative net margin of 1.63%. During the same period last year, the company posted $0.08 earnings per share. On average, analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

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.