Tower Research Capital LLC TRC Purchases 10,094 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Tower Research Capital LLC TRC boosted its position in Orion Group Holdings, Inc. (NYSE:ORN) by 2,851.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,448 shares of the construction company’s stock after purchasing an additional 10,094 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Orion Group were worth $52,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ORN. Belvedere Trading LLC purchased a new stake in shares of Orion Group in the third quarter worth $112,000. Acuitas Investments LLC purchased a new stake in shares of Orion Group in the third quarter worth $1,864,000. Assenagon Asset Management S.A. purchased a new stake in shares of Orion Group in the third quarter worth $125,000. AMH Equity Ltd grew its stake in shares of Orion Group by 518.8% in the third quarter. AMH Equity Ltd now owns 1,856,399 shares of the construction company’s stock worth $9,950,000 after acquiring an additional 1,556,399 shares during the last quarter. Finally, Barclays PLC purchased a new stake in shares of Orion Group in the third quarter worth $166,000. Institutional investors own 70.25% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Edward Chipman Earle acquired 8,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $6.88 per share, with a total value of $55,040.00. Following the completion of the purchase, the executive vice president now directly owns 69,602 shares of the company’s stock, valued at $478,861.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Orion Group news, EVP Edward Chipman Earle bought 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $6.88 per share, with a total value of $55,040.00. Following the completion of the acquisition, the executive vice president now owns 69,602 shares in the company, valued at approximately $478,861.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Travis J. Boone bought 12,000 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $7.01 per share, with a total value of $84,120.00. Following the completion of the purchase, the chief executive officer now directly owns 402,557 shares of the company’s stock, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 29,590 shares of company stock valued at $206,905. Insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com cut Orion Group from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley reaffirmed a “buy” rating and set a $9.50 price objective (up from $6.25) on shares of Orion Group in a research report on Thursday, March 14th.

Orion Group Stock Performance

Shares of Orion Group stock traded up $0.20 during trading on Tuesday, hitting $7.11. 407,724 shares of the company’s stock traded hands, compared to its average volume of 285,734. The stock has a market capitalization of $230.65 million, a P/E ratio of -20.31, a PEG ratio of 1.47 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 1.32. The business has a 50-day simple moving average of $7.90 and a 200-day simple moving average of $6.08. Orion Group Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $9.84.

Orion Group (NYSE:ORN) last announced its earnings results on Wednesday, April 24th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. The business had revenue of $160.67 million for the quarter, compared to analysts’ expectations of $174.75 million. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. As a group, analysts forecast that Orion Group Holdings, Inc. will post 0.2 EPS for the current year.

About Orion Group

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.