Orion Group Holdings, Inc. (NYSE:ORN) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 11.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 145,962 shares of the construction company’s stock after selling 19,313 shares during the quarter. First Eagle Investment Management LLC owned 0.38% of Orion Group worth $1,070,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ORN. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Orion Group during the fourth quarter worth $1,074,000. Raymond James Financial Inc. acquired a new position in Orion Group during the 4th quarter worth about $88,000. Aigen Investment Management LP purchased a new position in Orion Group during the 4th quarter valued at about $80,000. Atria Investments Inc grew its position in Orion Group by 23.8% in the 4th quarter. Atria Investments Inc now owns 61,022 shares of the construction company’s stock valued at $447,000 after acquiring an additional 11,724 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Orion Group by 16.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 103,845 shares of the construction company’s stock worth $761,000 after purchasing an additional 14,880 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Stock Performance

Shares of Orion Group stock opened at $5.56 on Monday. The business has a 50-day simple moving average of $7.31 and a 200-day simple moving average of $7.14. 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 Holdings, Inc. has a one year low of $4.85 and a one year high of $12.12. The company has a market cap of $216.59 million, a PE ratio of -13.89, a P/E/G ratio of 1.10 and a beta of 0.93.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping 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 company had revenue of $216.88 million during the quarter, compared to analysts’ expectations of $271.70 million. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities research analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. DA Davidson assumed coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday.

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.