Bank of New York Mellon Corp Boosts Position in Orion Group Holdings, Inc. (NYSE:ORN)

Bank of New York Mellon Corp boosted its position in Orion Group Holdings, Inc. (NYSE:ORN) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,664 shares of the construction company’s stock after purchasing an additional 3,432 shares during the period. Bank of New York Mellon Corp’s holdings in Orion Group were worth $540,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of Orion Group in the 4th quarter worth $49,000. Intech Investment Management LLC bought a new stake in Orion Group during the third quarter valued at about $63,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Orion Group by 1,936.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock worth $69,000 after buying an additional 8,965 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Orion Group in the third quarter worth about $120,000. Finally, SG Americas Securities LLC lifted its position in shares of Orion Group by 43.0% during the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock valued at $121,000 after buying an additional 4,978 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Orion Group Stock Performance

Shares of NYSE ORN opened at $5.56 on Friday. The company has a market cap of $216.78 million, a P/E ratio of -13.90, a P/E/G ratio of 1.10 and a beta of 0.93. Orion Group Holdings, Inc. has a 52-week low of $4.85 and a 52-week high of $12.12. 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 firm’s fifty day moving average is $7.06 and its two-hundred day moving average is $7.05.

Orion Group (NYSE:ORN) last issued its earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The firm had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORN has been the subject of several analyst reports. DA Davidson initiated coverage on shares of Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 target price for the company. B. Riley upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, StockNews.com downgraded shares of Orion Group from a “buy” rating to a “hold” rating in a report on Sunday, March 23rd.

Orion Group 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.