Orion Office REIT Inc. (NYSE:ONL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 15.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 337,165 shares of the company’s stock after selling 62,000 shares during the period. Los Angeles Capital Management LLC’s holdings in Orion Office REIT were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ONL. JPMorgan Chase & Co. lifted its holdings in shares of Orion Office REIT by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after buying an additional 106,383 shares during the period. Stifel Financial Corp raised its position in Orion Office REIT by 36.2% during the third quarter. Stifel Financial Corp now owns 46,416 shares of the company’s stock valued at $186,000 after acquiring an additional 12,326 shares in the last quarter. Barclays PLC lifted its holdings in Orion Office REIT by 252.1% in the third quarter. Barclays PLC now owns 73,730 shares of the company’s stock valued at $295,000 after acquiring an additional 52,788 shares during the period. Jane Street Group LLC boosted its position in Orion Office REIT by 23.9% in the 3rd quarter. Jane Street Group LLC now owns 117,934 shares of the company’s stock worth $472,000 after purchasing an additional 22,759 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Orion Office REIT by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company’s stock worth $6,050,000 after purchasing an additional 7,733 shares during the period. 79.95% of the stock is owned by hedge funds and other institutional investors.

Orion Office REIT Price Performance

NYSE:ONL opened at $4.11 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50 day moving average price of $3.96 and a 200-day moving average price of $3.97. Orion Office REIT Inc. has a 1-year low of $3.01 and a 1-year high of $4.39. The firm has a market cap of $230.17 million, a price-to-earnings ratio of -2.67 and a beta of 1.09.

Orion Office REIT Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.