Orion Group Holdings, Inc. (NYSE:ORN) Short Interest Up 32.6% in March

Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 450,000 shares, an increase of 32.6% from the March 15th total of 339,300 shares. Based on an average daily volume of 278,400 shares, the short-interest ratio is currently 1.6 days. Approximately 1.6% of the company's shares are short sold.

Orion Group Trading Down 2.1 %

ORN traded down $0.17 on Monday, reaching $7.88. 349,501 shares of the company's stock were exchanged, compared to its average volume of 271,571. The company's 50 day moving average is $7.57 and its 200-day moving average is $5.91. The company has a market cap of $255.63 million, a price-to-earnings ratio of -14.33, a PEG ratio of 1.69 and a beta of 0.70. Orion Group has a twelve month low of $2.33 and a twelve month high of $9.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 1.26.

Orion Group (NYSE:ORN - Get Free Report) last posted its earnings results on Wednesday, February 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The firm had revenue of $201.59 million during the quarter, compared to the consensus estimate of $191.31 million. Orion Group had a negative net margin of 2.51% and a negative return on equity of 9.14%. Equities analysts predict that Orion Group will post 0.19 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ORN shares. B. Riley reiterated a "buy" rating and set a $9.50 price objective (up from $6.25) on shares of Orion Group in a report on Thursday, March 14th. StockNews.com downgraded shares of Orion Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 9th.

Insider Buying and Selling at Orion Group

In other news, CEO Travis J. Boone bought 12,000 shares of Orion Group stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $7.01 per share, for a total transaction of $84,120.00. Following the acquisition, the chief executive officer now owns 402,557 shares in the company, valued at $2,821,924.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Travis J. Boone acquired 12,000 shares of the business's stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $7.01 per share, for a total transaction of $84,120.00. Following the acquisition, the chief executive officer now directly owns 402,557 shares in the company, valued at approximately $2,821,924.57. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward Chipman Earle acquired 8,000 shares of the business's stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the completion of the acquisition, the executive vice president now owns 69,602 shares in the company, valued at $478,861.76. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 22,430 shares of company stock worth $156,340. Corporate insiders own 7.30% of the company's stock.

Institutional Trading of Orion Group

Large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. acquired a new stake in Orion Group in the fourth quarter valued at approximately $28,000. UBS Group AG grew its position in Orion Group by 194.6% in the third quarter. UBS Group AG now owns 6,508 shares of the construction company's stock valued at $35,000 after acquiring an additional 4,299 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Orion Group in the third quarter valued at approximately $36,000. Jane Street Group LLC acquired a new stake in Orion Group in the first quarter valued at approximately $41,000. Finally, Tower Research Capital LLC TRC grew its position in Orion Group by 84.3% in the third quarter. Tower Research Capital LLC TRC now owns 16,176 shares of the construction company's stock valued at $42,000 after acquiring an additional 7,397 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

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.

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