Jane Street Group LLC Cuts Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Jane Street Group LLC decreased its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 43.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,849 shares of the construction company’s stock after selling 9,214 shares during the period. Jane Street Group LLC’s holdings in Orion Group were worth $87,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Quarry LP purchased a new stake in Orion Group in the fourth quarter worth approximately $52,000. Perritt Capital Management Inc bought a new position in shares of Orion Group during the 4th quarter valued at $73,000. Aigen Investment Management LP purchased a new position in shares of Orion Group in the 4th quarter worth $80,000. Raymond James Financial Inc. bought a new stake in shares of Orion Group in the fourth quarter worth $88,000. Finally, Oxford Asset Management LLP purchased a new stake in Orion Group during the fourth quarter valued at $94,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

Shares of Orion Group stock opened at $9.22 on Monday. The stock has a market cap of $364.53 million, a P/E ratio of -23.04, a P/E/G ratio of 1.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The stock’s fifty day moving average is $7.04 and its 200 day moving average is $7.26. Orion Group Holdings, Inc. has a one year low of $4.64 and a one year high of $12.12.

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

Insider Buying and Selling at Orion Group

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $8.67, for a total transaction of $260,100.00. Following the sale, the director now directly owns 419,215 shares of the company’s stock, valued at $3,634,594.05. This trade represents a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

ORN has been the subject of a number of recent research reports. Wall Street Zen upgraded Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. B. Riley upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th.

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.