Orion Group Holdings, Inc. (NYSE:ORN) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,928 shares of the construction company’s stock after purchasing an additional 3,728 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Orion Group worth $197,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in Orion Group during the fourth quarter valued at about $49,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 worth $69,000 after purchasing an additional 8,965 shares during the period. Perritt Capital Management Inc acquired a new stake in Orion Group during the 4th quarter worth approximately $73,000. Aigen Investment Management LP purchased a new position in Orion Group in the fourth quarter valued at approximately $80,000. Finally, Raymond James Financial Inc. purchased a new position in Orion Group in the fourth quarter valued at approximately $88,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Orion Group Price Performance

Shares of NYSE ORN opened at $7.70 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $12.12. The business has a 50 day moving average price of $5.89 and a two-hundred day moving average price of $7.06. The firm has a market cap of $304.53 million, a PE ratio of -19.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.12. The company had revenue of $188.65 million during the quarter, compared to analysts’ expectations of $177.33 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. Sell-side analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ORN shares. B. Riley upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th. StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. Finally, DA Davidson started coverage on Orion Group in a research report on Friday, January 17th. They set a “buy” rating and a $11.00 price target on the 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.