Hillsdale Investment Management Inc. Makes New Investment in Orion Group Holdings, Inc. (NYSE:ORN)

Hillsdale Investment Management Inc. purchased a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 396,633 shares of the construction company’s stock, valued at approximately $2,907,000. Hillsdale Investment Management Inc. owned approximately 1.02% of Orion Group at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp grew its position in Orion Group by 27.3% during the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company’s stock valued at $3,186,000 after purchasing an additional 118,296 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Orion Group during the third quarter valued at approximately $2,318,000. JPMorgan Chase & Co. increased its position in shares of Orion Group by 930.2% during the third quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock valued at $776,000 after acquiring an additional 121,507 shares in the last quarter. Geode Capital Management LLC raised its holdings in Orion Group by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company’s stock worth $3,907,000 after acquiring an additional 10,098 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Orion Group in the 3rd quarter valued at approximately $63,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

ORN has been the subject of a number of research analyst reports. DA Davidson started coverage on 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 raised shares of Orion Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, StockNews.com lowered Orion Group from a “buy” rating to a “hold” rating in a report on Sunday.

Orion Group Stock Down 2.0 %

ORN opened at $5.77 on Friday. The firm’s 50 day simple moving average is $7.17 and its two-hundred day simple moving average is $7.09. The company has a market capitalization of $224.97 million, a PE ratio of -14.42, a PEG ratio of 1.10 and a beta of 0.93. Orion Group Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $12.12. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $216.88 million during the quarter, compared to analyst estimates of $271.70 million. During the same period in the prior year, the business posted $0.08 earnings per share. As a group, equities analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

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.