Orion Group (NYSE:ORN) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Orion Group (NYSE:ORNGet Rating) in a research report issued on Thursday. The firm set a “hold” rating on the construction company’s stock.

Orion Group Stock Down 4.2 %

ORN stock opened at $2.73 on Thursday. The stock has a market cap of $85.33 million, a P/E ratio of -3.10 and a beta of 0.75. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $2.65 and its two-hundred day simple moving average is $2.61. Orion Group has a 1-year low of $2.10 and a 1-year high of $5.80.

Hedge Funds Weigh In On Orion Group

Institutional investors have recently added to or reduced their stakes in the stock. Regal Investment Advisors LLC purchased a new position in Orion Group in the fourth quarter valued at about $182,000. First Eagle Investment Management LLC grew its holdings in Orion Group by 324.4% during the fourth 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 during the period. Invenomic Capital Management LP grew its holdings in Orion Group by 145.7% during the fourth quarter. Invenomic Capital Management LP now owns 258,517 shares of the construction company’s stock valued at $975,000 after purchasing an additional 153,319 shares during the period. CastleKnight Management LP purchased a new stake in Orion Group in the fourth quarter worth $270,000. Finally, Kennedy Capital Management Inc. purchased a new position in shares of Orion Group during the 4th quarter valued at $1,139,000. Institutional investors own 53.96% of the company’s stock.

About Orion Group

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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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