First Eagle Investment Management LLC Trims Stock Position in Orion Group Holdings, Inc. (NYSE:ORN)

First Eagle Investment Management LLC decreased its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 11.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 145,962 shares of the construction company’s stock after selling 19,313 shares during the period. First Eagle Investment Management LLC’s holdings in Orion Group were worth $1,070,000 as of its most recent SEC filing.

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

Orion Group Price Performance

Shares of NYSE ORN opened at $5.56 on Monday. The stock has a fifty day moving average price of $7.31 and a 200 day moving average price of $7.14. Orion Group Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $12.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. 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 issued its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same period in the previous year, the business posted $0.08 earnings per share. Sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

ORN has been the topic of a number of research reports. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson started coverage on shares of Orion Group in a research report on Friday, January 17th. They set a “buy” rating and a $11.00 price objective on the stock.

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.