Orion Group (ORN) Cut to Sell at ValuEngine

ValuEngine downgraded shares of Orion Group (NYSE:ORN) from a hold rating to a sell rating in a research report report published on Friday.

Other analysts have also issued research reports about the stock. Noble Financial started coverage on shares of Orion Group in a report on Thursday, January 25th. They set a buy rating and a $10.00 target price on the stock. B. Riley reaffirmed a buy rating and set a $10.00 target price on shares of Orion Group in a report on Monday, December 11th. Canaccord Genuity raised shares of Orion Group from a hold rating to a buy rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Orion Group from a strong sell rating to a hold rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Orion Group currently has an average rating of Hold and an average target price of $9.25.

Shares of Orion Group (NYSE ORN) opened at $6.48 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. Orion Group has a twelve month low of $5.17 and a twelve month high of $10.62.

In other news, insider Mark R. Stauffer sold 20,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $7.56, for a total value of $151,200.00. Following the transaction, the insider now owns 362,631 shares of the company’s stock, valued at approximately $2,741,490.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Austin J. Shanfelter sold 9,721 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $7.50, for a total transaction of $72,907.50. Following the completion of the transaction, the director now directly owns 31,430 shares in the company, valued at approximately $235,725. The disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of ORN. Boston Partners increased its holdings in shares of Orion Group by 60.3% in the 4th quarter. Boston Partners now owns 1,845,059 shares of the construction company’s stock worth $14,447,000 after buying an additional 694,395 shares during the last quarter. Foundry Partners LLC increased its holdings in shares of Orion Group by 56.5% in the 3rd quarter. Foundry Partners LLC now owns 790,075 shares of the construction company’s stock worth $5,183,000 after buying an additional 285,165 shares during the last quarter. Argent Capital Management LLC bought a new position in shares of Orion Group in the 2nd quarter worth $1,487,000. Dimensional Fund Advisors LP boosted its stake in shares of Orion Group by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock valued at $14,704,000 after purchasing an additional 159,616 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of Orion Group by 25.6% in the 3rd quarter. Brandes Investment Partners LP now owns 423,018 shares of the construction company’s stock valued at $2,775,000 after purchasing an additional 86,259 shares in the last quarter. 85.66% of the stock is currently owned by hedge funds and other institutional investors.

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Orion Group Company Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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