MYDA Advisors LLC Lowers Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

MYDA Advisors LLC decreased its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 58.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,000 shares of the construction company's stock after selling 69,287 shares during the quarter. MYDA Advisors LLC owned about 0.13% of Orion Group worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORN. Brandes Investment Partners LP grew its stake in shares of Orion Group by 3.8% in the 4th quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company's stock valued at $25,143,000 after buying an additional 126,696 shares during the period. Royce & Associates LP lifted its position in shares of Orion Group by 15.6% during the fourth 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 in the last quarter. Geode Capital Management LLC boosted its position in Orion Group by 15.0% in the 4th quarter. Geode Capital Management LLC now owns 778,443 shares of the construction company's stock valued at $5,707,000 after buying an additional 101,526 shares during the period. American Century Companies Inc. grew its stake in Orion Group by 9.1% during the 4th quarter. American Century Companies Inc. now owns 676,098 shares of the construction company's stock worth $4,956,000 after purchasing an additional 56,154 shares in the last quarter. Finally, Formula Growth Ltd. grew its position in shares of Orion Group by 9.2% during the fourth quarter. Formula Growth Ltd. now owns 662,000 shares of the construction company's stock worth $4,852,000 after buying an additional 56,000 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORN. DA Davidson began coverage on Orion Group in a research note 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 research report on Tuesday, March 18th. Finally, StockNews.com upgraded Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

Orion Group Price Performance

ORN stock traded up $0.03 during midday trading on Friday, hitting $6.15. 67,631 shares of the stock were exchanged, compared to its average volume of 452,549. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $12.12. The stock has a market cap of $238.84 million, a price-to-earnings ratio of -15.37, a PEG ratio of 1.10 and a beta of 0.81. The stock's 50-day moving average price is $5.95 and its 200-day moving average price is $6.98. 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 (NYSE:ORN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm 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 period in the previous year, the firm posted $0.08 EPS. Research analysts predict 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.