North Star Investment Management Corp. Makes New Investment in Orion Group Holdings, Inc. $ORN

North Star Investment Management Corp. purchased a new stake in Orion Group Holdings, Inc. (NYSE:ORN) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 70,000 shares of the construction company’s stock, valued at approximately $763,000.

A number of other hedge funds have also recently made changes to their positions in ORN. Wasatch Advisors LP bought a new position in shares of Orion Group in the second quarter worth $12,885,000. Invesco Ltd. raised its position in shares of Orion Group by 79.4% in the third quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock worth $10,578,000 after buying an additional 562,863 shares in the last quarter. Simcoe Capital LLC bought a new stake in Orion Group during the fourth quarter valued at $4,509,000. Allspring Global Investments Holdings LLC purchased a new position in Orion Group during the fourth quarter worth about $2,977,000. Finally, JPMorgan Chase & Co. grew its position in Orion Group by 727.0% during the second quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock worth $2,569,000 after buying an additional 248,988 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORN has been the topic of several recent analyst reports. Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. B. Riley Financial upped their price objective on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. raised their target price on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research raised shares of Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $17.00.

Insider Activity at Orion Group

In other Orion Group news, Director Margaret M. Foran sold 20,000 shares of Orion Group stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $14.62, for a total transaction of $292,400.00. Following the transaction, the director directly owned 137,541 shares of the company’s stock, valued at approximately $2,010,849.42. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 40,695 shares of company stock worth $606,512 over the last quarter. Company insiders own 5.70% of the company’s stock.

Orion Group Price Performance

ORN opened at $17.09 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $691.80 million, a P/E ratio of 81.38 and a beta of 1.37. The stock has a 50-day moving average price of $14.28 and a 200-day moving average price of $12.58. Orion Group Holdings, Inc. has a 12-month low of $6.44 and a 12-month high of $17.40.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. The company had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $198.12 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. Equities analysts predict that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

Orion Group Profile

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.