Ardsley Advisory Partners LP Acquires 75,000 Shares of Orion Group Holdings, Inc. $ORN

Ardsley Advisory Partners LP raised its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 30.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,000 shares of the construction company’s stock after acquiring an additional 75,000 shares during the quarter. Ardsley Advisory Partners LP owned about 0.82% of Orion Group worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. First Wilshire Securities Management Inc. bought a new position in Orion Group in the 2nd quarter valued at $4,813,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Orion Group during the first quarter worth about $2,311,000. Nuveen LLC purchased a new position in shares of Orion Group during the first quarter worth about $1,813,000. JPMorgan Chase & Co. raised its position in shares of Orion Group by 727.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock valued at $2,569,000 after buying an additional 248,988 shares in the last quarter. Finally, Next Century Growth Investors LLC increased its position in shares of Orion Group by 31.1% during the 2nd quarter. Next Century Growth Investors LLC now owns 932,908 shares of the construction company’s stock valued at $8,461,000 after purchasing an additional 221,536 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Orion Group Price Performance

ORN stock opened at $11.47 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.35 and a current ratio of 1.36. The firm has a 50 day moving average price of $9.49 and a 200-day moving average price of $8.60. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week high of $11.61. The firm has a market capitalization of $457.57 million, a price-to-earnings ratio of 49.86, a PEG ratio of 4.83 and a beta of 1.20.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, September 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter. Orion Group had a net margin of 1.13% and a return on equity of 6.88%. The company had revenue of $194.58 million for the quarter. Equities research analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ORN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Orion Group in a research report on Wednesday, October 8th. Zacks Research lowered shares of Orion Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

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.