Low Asset

Assenagon Asset Management S.A. Invests $53,000 in Orion Group Holdings, Inc. (NYSE:ORN)

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Assenagon Asset Management S.A. purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORNGet Rating) in the first quarter, HoldingsChannel reports. The firm purchased 21,451 shares of the construction company’s stock, valued at approximately $53,000.

A number of other hedge funds have also modified their holdings of ORN. Grace & White Inc. NY boosted its holdings in Orion Group by 9.8% during the 1st quarter. Grace & White Inc. NY now owns 1,551,439 shares of the construction company’s stock valued at $3,848,000 after acquiring an additional 138,624 shares during the period. Kennedy Capital Management Inc. purchased a new position in Orion Group during the 4th quarter valued at about $1,139,000. CastleKnight Management LP purchased a new position in Orion Group during the 4th quarter valued at about $270,000. Invenomic Capital Management LP boosted its holdings in Orion Group by 145.7% during the 4th quarter. Invenomic Capital Management LP now owns 258,517 shares of the construction company’s stock valued at $975,000 after acquiring an additional 153,319 shares during the period. Finally, First Eagle Investment Management LLC raised its position in Orion Group by 324.4% in the 4th quarter. First Eagle Investment Management LLC now owns 76,238 shares of the construction company’s stock valued at $287,000 after purchasing an additional 58,276 shares in the last quarter. 57.88% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Price Performance

ORN stock opened at $2.46 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 1.20. Orion Group Holdings, Inc. has a 1 year low of $2.10 and a 1 year high of $5.98. The firm has a market capitalization of $75.38 million, a P/E ratio of -3.67 and a beta of 0.76. The business’s 50-day moving average is $2.52 and its two-hundred day moving average is $2.76.

Orion Group (NYSE:ORNGet Rating) last issued its earnings results on Wednesday, April 27th. The construction company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. Orion Group had a negative return on equity of 9.90% and a negative net margin of 3.27%. The business had revenue of $174.93 million for the quarter, compared to analyst estimates of $150.19 million. Analysts anticipate that Orion Group Holdings, Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Orion Group in a research report on Thursday, July 14th. They issued a “hold” rating on the stock.

Orion Group Profile

(Get Rating)

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various 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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Want to see what other hedge funds are holding ORN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orion Group Holdings, Inc. (NYSE:ORNGet Rating).

Institutional Ownership by Quarter for Orion Group (NYSE:ORN)



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