Cruiser Capital Advisors LLC Cuts Stock Position in Orion Group Holdings, Inc. (NYSE:ORN)

Cruiser Capital Advisors LLC decreased its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,521 shares of the construction company’s stock after selling 11,551 shares during the period. Orion Group accounts for 0.9% of Cruiser Capital Advisors LLC’s holdings, making the stock its 13th biggest position. Cruiser Capital Advisors LLC owned 0.60% of Orion Group worth $1,697,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Corebridge Financial Inc. increased its position in Orion Group by 8.4% during the 4th quarter. Corebridge Financial Inc. now owns 18,043 shares of the construction company’s stock valued at $132,000 after buying an additional 1,396 shares in the last quarter. Rhumbline Advisers raised its position in shares of Orion Group by 6.5% in the 4th quarter. Rhumbline Advisers now owns 36,138 shares of the construction company’s stock valued at $265,000 after purchasing an additional 2,198 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Orion Group by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company’s stock worth $540,000 after purchasing an additional 3,432 shares in the last quarter. SG Americas Securities LLC grew its position in Orion Group by 43.0% during the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock worth $121,000 after purchasing an additional 4,978 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Orion Group during the 4th quarter valued at approximately $49,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ORN. B. Riley raised shares of Orion Group to a “strong-buy” rating in a report on Tuesday, March 18th. StockNews.com cut Orion Group from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, DA Davidson began coverage on Orion Group in a research report on Friday, January 17th. They issued a “buy” rating and a $11.00 target price on the stock.

Orion Group Price Performance

Shares of ORN opened at $5.94 on Tuesday. The business’s 50-day moving average is $7.15 and its two-hundred day moving average is $7.08. The company has a market capitalization of $231.41 million, a P/E ratio of -14.84, a P/E/G ratio of 1.10 and a beta of 0.93. Orion Group Holdings, Inc. has a fifty-two week low of $4.85 and a fifty-two 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.

Orion Group (NYSE:ORN) last announced its quarterly 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 return on equity of 0.71% and a negative net margin of 1.63%. The company had revenue of $216.88 million during the quarter, compared to analysts’ expectations of $271.70 million. During the same period last year, the business earned $0.08 earnings per share. Research analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share 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.