Short Interest in Orion Group Holdings, Inc. (NYSE:ORN) Decreases By 24.1%

Orion Group Holdings, Inc. (NYSE:ORN) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,296,282 shares, a decrease of 24.1% from the January 29th total of 1,707,218 shares. Based on an average trading volume of 486,889 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.5% of the company’s stock are sold short. Approximately 3.5% of the company’s stock are sold short. Based on an average trading volume of 486,889 shares, the days-to-cover ratio is presently 2.7 days.

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 company. Geode Capital Management LLC increased its holdings in shares of Orion Group by 6.7% in the second quarter. Geode Capital Management LLC now owns 859,800 shares of the construction company’s stock valued at $7,800,000 after purchasing an additional 54,345 shares during the period. Ardsley Advisory Partners LP lifted its stake in Orion Group by 30.0% during the 2nd quarter. Ardsley Advisory Partners LP now owns 325,000 shares of the construction company’s stock valued at $2,948,000 after acquiring an additional 75,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Orion Group by 30.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 160,516 shares of the construction company’s stock valued at $1,456,000 after acquiring an additional 37,764 shares during the period. Bastion Asset Management Inc. purchased a new stake in shares of Orion Group in the 2nd quarter valued at $884,000. Finally, CenterBook Partners LP increased its stake in shares of Orion Group by 27.0% in the third quarter. CenterBook Partners LP now owns 541,511 shares of the construction company’s stock worth $4,505,000 after acquiring an additional 114,986 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Orion Group in a research report on Thursday, February 5th. JPMorgan Chase & Co. started coverage on shares of Orion Group in a research note on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price objective for the company. DA Davidson upped their target price on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Roth Mkm started coverage on Orion Group in a research report on Tuesday, February 10th. They set a “buy” rating and a $17.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Orion Group in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.88.

Orion Group Stock Performance

ORN stock traded up $0.03 during trading on Monday, reaching $13.76. The company had a trading volume of 218,630 shares, compared to its average volume of 349,398. The company has a market cap of $548.86 million, a price-to-earnings ratio of 59.81 and a beta of 1.15. Orion Group has a twelve month low of $4.64 and a twelve month high of $15.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.35 and a current ratio of 1.36. The firm has a 50-day simple moving average of $12.01 and a 200-day simple moving average of $9.97.

About Orion Group

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.