StockNews.com Downgrades Orion Group (NYSE:ORN) to Hold

Orion Group (NYSE:ORN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other equities analysts have also recently issued reports on the stock. DA Davidson started coverage on Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 target price for the company. B. Riley raised Orion Group to a “strong-buy” rating in a report on Tuesday, March 18th.

Orion Group Price Performance

Shares of NYSE ORN opened at $5.94 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $231.41 million, a price-to-earnings ratio of -14.84, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. Orion Group has a twelve month low of $4.85 and a twelve month high of $12.12. The business has a 50 day simple moving average of $7.15 and a 200-day simple moving average of $7.08.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The firm had revenue of $216.88 million during the quarter, compared to analyst estimates of $271.70 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, equities research analysts expect that Orion Group will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ORN. Heck Capital Advisors LLC bought a new stake in shares of Orion Group during the fourth quarter valued at approximately $49,000. PharVision Advisers LLC acquired a new stake in Orion Group in the 4th quarter valued at approximately $197,000. Squarepoint Ops LLC raised its stake in Orion Group by 77.0% during the 4th quarter. Squarepoint Ops LLC now owns 48,861 shares of the construction company’s stock valued at $358,000 after acquiring an additional 21,255 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Orion Group during the 4th quarter worth $92,000. Finally, ProShare Advisors LLC bought a new position in shares of Orion Group in the fourth quarter worth $75,000. 70.25% of the stock is owned by institutional investors and hedge funds.

About Orion Group

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.