Shares of Orion Group Holdings Inc (NYSE:ORN) rose 9.5% during trading on Friday . The stock traded as high as $4.20 and last traded at $4.15. Approximately 607,825 shares were traded during trading, an increase of 326% from the average daily volume of 142,738 shares. The stock had previously closed at $3.79.
ORN has been the subject of several research reports. Zacks Investment Research upgraded Orion Group from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research report on Wednesday, January 2nd. ValuEngine raised Orion Group from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.44.
The company has a market capitalization of $120.21 million, a price-to-earnings ratio of -29.64 and a beta of 1.14. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORN. Boston Partners boosted its stake in Orion Group by 79.1% during the fourth quarter. Boston Partners now owns 2,838,444 shares of the construction company’s stock worth $12,177,000 after buying an additional 1,253,496 shares during the last quarter. Grace & White Inc. NY boosted its stake in Orion Group by 40.3% during the fourth quarter. Grace & White Inc. NY now owns 1,044,334 shares of the construction company’s stock worth $4,480,000 after buying an additional 299,881 shares during the last quarter. BlackRock Inc. boosted its stake in Orion Group by 6.9% during the third quarter. BlackRock Inc. now owns 4,296,844 shares of the construction company’s stock worth $32,442,000 after buying an additional 278,938 shares during the last quarter. Man Group plc boosted its stake in Orion Group by 291.6% during the third quarter. Man Group plc now owns 286,210 shares of the construction company’s stock worth $2,161,000 after buying an additional 213,123 shares during the last quarter. Finally, Walthausen & Co. LLC acquired a new position in Orion Group during the third quarter worth $1,325,000. 93.53% of the stock is currently owned by institutional investors.
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Orion Group Company Profile (NYSE:ORN)
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
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