Lazard Asset Management LLC Invests $41,000 in Orion Group Holdings, Inc. (NYSE:ORN)

Lazard Asset Management LLC bought a new stake in Orion Group Holdings, Inc. (NYSE:ORN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,676 shares of the construction company’s stock, valued at approximately $41,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Orion Group by 930.2% during the third quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock valued at $776,000 after purchasing an additional 121,507 shares during the period. SG Americas Securities LLC raised its holdings in Orion Group by 43.0% during the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock valued at $121,000 after buying an additional 4,978 shares during the period. Heck Capital Advisors LLC purchased a new stake in Orion Group during the 4th quarter valued at $49,000. Rhumbline Advisers lifted its position in Orion Group by 6.5% in the fourth quarter. Rhumbline Advisers now owns 36,138 shares of the construction company’s stock worth $265,000 after buying an additional 2,198 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Orion Group by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company’s stock worth $540,000 after buying an additional 3,432 shares during the period. Institutional investors own 70.25% of the company’s stock.

Orion Group Stock Performance

ORN stock opened at $8.11 on Tuesday. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $12.12. The firm has a market cap of $320.82 million, a price-to-earnings ratio of -20.28, a PEG ratio of 1.10 and a beta of 0.91. The business’s fifty day simple moving average is $6.52 and its two-hundred day simple moving average is $7.24. 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 (NYSE:ORN) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. The company 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%. Analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. B. Riley raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

Insider Transactions at Orion Group

In related news, Director Austin J. Shanfelter sold 30,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $8.67, for a total value of $260,100.00. Following the transaction, the director now owns 419,215 shares of the company’s stock, valued at $3,634,594.05. This represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.90% of the company’s stock.

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.