Orion Group (ORN) Shares Up 9.5%

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Orion Group Holdings Inc (NYSE:ORN)’s share price shot up 9.5% during mid-day trading on Friday . The stock traded as high as $4.20 and last traded at $4.15. 607,825 shares changed hands during trading, an increase of 326% from the average session volume of 142,738 shares. The stock had previously closed at $3.79.

Several research firms recently issued reports on ORN. Zacks Investment Research lowered Orion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 19th. ValuEngine raised Orion Group from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Orion Group has an average rating of “Hold” and an average price target of $7.44.

The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $120.21 million, a price-to-earnings ratio of -29.64 and a beta of 1.14.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System increased its holdings in Orion Group by 6.4% during the 4th quarter. Arizona State Retirement System now owns 44,609 shares of the construction company’s stock worth $191,000 after purchasing an additional 2,699 shares during the period. New York State Teachers Retirement System increased its holdings in Orion Group by 28.8% during the 4th quarter. New York State Teachers Retirement System now owns 18,337 shares of the construction company’s stock worth $79,000 after purchasing an additional 4,100 shares during the period. Legal & General Group Plc increased its holdings in Orion Group by 7.6% during the 3rd quarter. Legal & General Group Plc now owns 60,679 shares of the construction company’s stock worth $455,000 after purchasing an additional 4,292 shares during the period. Taylor Cottrill Erickson & Associates Inc. increased its holdings in Orion Group by 38.2% during the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,100 shares of the construction company’s stock worth $78,000 after purchasing an additional 5,000 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Orion Group by 14.5% during the 4th quarter. Prudential Financial Inc. now owns 53,986 shares of the construction company’s stock worth $232,000 after purchasing an additional 6,838 shares during the period. Institutional investors own 93.53% of the company’s stock.

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About Orion Group (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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