JPMorgan Chase & Co. Boosts Stock Position in Orion Group Holdings, Inc. (NYSE:ORN)

JPMorgan Chase & Co. grew its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 112.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,566 shares of the construction company's stock after purchasing an additional 150,996 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.73% of Orion Group worth $2,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of Orion Group by 27.3% in the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company's stock valued at $3,186,000 after purchasing an additional 118,296 shares in the last quarter. Geode Capital Management LLC grew its position 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 valued at $3,907,000 after buying an additional 10,098 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Orion Group by 41.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,134 shares of the construction company's stock valued at $260,000 after buying an additional 13,253 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Orion Group by 43.0% in the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company's stock valued at $121,000 after buying an additional 4,978 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Orion Group by 29.7% in the 3rd quarter. Barclays PLC now owns 43,560 shares of the construction company's stock valued at $252,000 after buying an additional 9,966 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Stock Performance

ORN traded up $0.24 on Tuesday, hitting $6.33. 378,546 shares of the company traded hands, compared to its average volume of 448,700. The company has a 50 day moving average of $5.86 and a 200-day moving average of $6.99. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $245.94 million, a PE ratio of -15.83, a PEG ratio of 1.10 and a beta of 0.81. Orion Group Holdings, Inc. has a 12-month low of $4.64 and a 12-month high of $12.12.

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 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%. Sell-side analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Orion Group Company 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.