Orion Group (NYSE:ORN) Earns Buy Rating from Analysts at Noble Financial

Noble Financial initiated coverage on shares of Orion Group (NYSE:ORN – Get Rating) in a research report report published on Wednesday. The brokerage issued a buy rating and a $6.00 price objective on the construction company’s stock.

Separately, StockNews.com cut shares of Orion Group from a strong-buy rating to a buy rating in a research report on Tuesday, February 21st.

Orion Group Stock Down 7.1 %

ORN stock opened at $2.73 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $2.82 and a two-hundred day moving average price of $2.60. Orion Group has a one year low of $2.10 and a one year high of $3.35.

Hedge Funds Weigh In On Orion Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Columbia Advisory Partners LLC lifted its holdings in shares of Orion Group by 26.1% during the third quarter. Columbia Advisory Partners LLC now owns 24,500 shares of the construction company’s stock worth $65,000 after buying an additional 5,070 shares in the last quarter. State Street Corp lifted its holdings in shares of Orion Group by 4.6% during the first quarter. State Street Corp now owns 118,178 shares of the construction company’s stock worth $293,000 after buying an additional 5,207 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Orion Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 273,750 shares of the construction company’s stock worth $651,000 after buying an additional 6,615 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Orion Group by 84.3% during the third quarter. Tower Research Capital LLC TRC now owns 16,176 shares of the construction company’s stock worth $42,000 after buying an additional 7,397 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Orion Group during the third quarter worth $28,000. 53.19% of the stock is owned by institutional investors.

Orion Group Company Profile

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Orion Group Holdings, Inc engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging, and repair of marine transportation facilities, pipelines, bridges and causeways and environmental structures.