Renaissance Technologies LLC Sells 199,727 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Renaissance Technologies LLC cut its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 206,890 shares of the construction company's stock after selling 199,727 shares during the period. Renaissance Technologies LLC owned about 0.53% of Orion Group worth $1,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORN. Heck Capital Advisors LLC purchased a new stake in Orion Group during the fourth quarter valued at $49,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Orion Group by 1,936.3% during the 4th 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 during the last quarter. Perritt Capital Management Inc bought a new position in shares of Orion Group in the 4th quarter worth approximately $73,000. Aigen Investment Management LP purchased a new position in shares of Orion Group in the fourth quarter worth approximately $80,000. Finally, Raymond James Financial Inc. bought a new stake in Orion Group during the fourth quarter valued at approximately $88,000. 70.25% of the stock is owned by institutional investors.

Orion Group Trading Up 6.1 %

Shares of NYSE ORN traded up $0.40 during trading hours on Friday, hitting $6.91. 96,421 shares of the company traded hands, compared to its average volume of 449,473. The stock has a market capitalization of $268.35 million, a price-to-earnings ratio of -17.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. The company's 50 day moving average price is $5.84 and its 200 day moving average price is $7.00. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $12.12. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.12. The business had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. On average, equities research 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 analysts recently commented on the company. B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Finally, DA Davidson began coverage on Orion Group in a research report on Friday, January 17th. They set a "buy" rating and a $11.00 target price for the company.

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.