JPMorgan Chase & Co. Purchases 150,996 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

JPMorgan Chase & Co. grew its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 112.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,566 shares of the construction company’s stock after acquiring an additional 150,996 shares during the period. JPMorgan Chase & Co. owned 0.73% of Orion Group worth $2,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Orion Group during the fourth quarter worth about $49,000. Thurston Springer Miller Herd & Titak Inc. lifted 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 acquiring an additional 8,965 shares during the period. Aigen Investment Management LP bought a new position in Orion Group in the fourth quarter worth approximately $80,000. Raymond James Financial Inc. bought a new stake in Orion Group during the 4th quarter valued at $88,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Orion Group during the 4th quarter worth approximately $108,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Trading Up 0.6 %

NYSE ORN opened at $6.03 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The stock has a market cap of $233.98 million, a P/E ratio of -15.06, a P/E/G ratio of 1.10 and a beta of 0.81. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $12.12. The stock’s fifty day moving average price is $5.99 and its 200-day moving average price is $6.98.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The firm had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, equities analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. DA Davidson began coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company. B. Riley raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, StockNews.com raised shares of Orion Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

About Orion Group

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.