The stock of Orion Group Holdings Inc (NYSE:ORN) is a huge mover today! About 187,957 shares traded hands or 22.14% up from the average. Orion Group Holdings Inc (NYSE:ORN) has risen 48.74% since April 8, 2016 and is uptrending. It has outperformed by 43.09% the S&P500.
The move comes after 8 months positive chart setup for the $252.56 million company. It was reported on Nov, 10 by Barchart.com. We have $17.25 PT which if reached, will make NYSE:ORN worth $227.30 million more.
Orion Group Holdings Inc (NYSE:ORN) Ratings Coverage
Out of 5 analysts covering Orion Marine Group (NYSE:ORN), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Orion Marine Group has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. DA Davidson maintained Orion Group Holdings Inc (NYSE:ORN) rating on Friday, August 5. DA Davidson has “Buy” rating and $6 price target. Zacks downgraded the shares of ORN in a report on Wednesday, August 26 to “Buy” rating. The firm has “Neutral” rating given on Thursday, October 13 by DA Davidson. Stephens initiated the stock with “Overweight” rating in Monday, August 17 report. The company was downgraded on Friday, October 2 by BB&T Capital. Zacks upgraded Orion Group Holdings Inc (NYSE:ORN) on Tuesday, August 11 to “Hold” rating. The firm has “Outperform” rating given on Tuesday, August 25 by FBR Capital. The rating was downgraded by FBR Capital on Wednesday, October 21 to “Mkt Perform”. FBR Capital upgraded the shares of ORN in a report on Thursday, October 6 to “Outperform” rating. On Friday, March 11 the stock rating was maintained by DA Davidson with “Neutral”.
According to Zacks Investment Research, “Orion Group Holdings, Inc. is a construction company which provides services on and off the water primarily in the continental United States, Alaska, Canada and the Caribbean Basin. The company’s operating segment consists of heavy civil marine construction segment and commercial concrete segment. Heavy civil marine construction segment services includes marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design and specialty services. Commercial concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar and mesh across the light commercial, structural and other associated business areas. Orion Group Holdings, Inc., formerly known as Orion Marine Group Inc., is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 1.21 in Q2 2016. Its down 0.09, from 1.3 in 2016Q1. The ratio dropped, as 6 funds sold all Orion Group Holdings Inc shares owned while 27 reduced positions. 11 funds bought stakes while 29 increased positions. They now own 21.54 million shares or 5.54% less from 22.81 million shares in 2016Q1.
Comerica Comml Bank has 0% invested in the company for 28,240 shares. Parallax Volatility Advisers L P reported 23,803 shares or 0% of all its holdings. Bridgeway Mgmt owns 250,764 shares or 0.02% of their US portfolio. Voya Invest Llc has invested 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN). Tci Wealth holds 436 shares or 0% of its portfolio. First Advsrs L P last reported 0% of its portfolio in the stock. Boston Prtnrs holds 0.02% or 2.09 million shares in its portfolio. The Ontario – Canada-based Royal Commercial Bank Of Canada has invested 0% in Orion Group Holdings Inc (NYSE:ORN). Moreover, Brandes Investment Prns Limited Partnership has 0.02% invested in Orion Group Holdings Inc (NYSE:ORN) for 243,513 shares. Blackrock Advsrs Ltd Liability Corp last reported 12,625 shares in the company. Wells Fargo & Communication Mn holds 10,976 shares or 0% of its portfolio. Teachers Retirement Sys Of The State Of Kentucky last reported 4,300 shares in the company. Grace And White Incorporated Ny, a New York-based fund reported 780,084 shares. Blackrock Ltd, a United Kingdom-based fund reported 16,745 shares. Texas Permanent School Fund accumulated 20,875 shares or 0% of the stock.
More notable recent Orion Group Holdings Inc (NYSE:ORN) news were published by: Globenewswire.com which released: “Orion Group Holdings, Inc. Reports Third Quarter 2016 Results” on November 03, 2016, also Marketwatch.com with their article: “Orion Group Holdings stock price target raised to $9 from $6 at FBR & Co.” published on April 06, 2010, Globenewswire.com published: “Orion Group Holdings, Inc. Schedules Announcement of Third Quarter 2016 …” on October 18, 2016. More interesting news about Orion Group Holdings Inc (NYSE:ORN) were released by: Zacks.com and their article: “Orion Group Holdings (ORN) Worth a Look: Stock Gains 5.3%” published on November 08, 2016 as well as Globenewswire.com‘s news article titled: “Orion Group Holdings, Inc. Names David Griffith â€“ Investor Relations Manager” with publication date: June 02, 2016.
ORN Company Profile
Orion Group Holdings, Inc., formerly Orion Marine Group, Inc., incorporated on October 12, 2004, is engaged in the heavy civil construction project management business. The Firm specializes in marine construction. The Firm provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers. The Company’s heavy civil marine construction and project management services include new construction, dredging, repair and maintenance, and other related specialty services. The Firm provides its heavy civil marine construction services on, over and under the water in the continental United States, Alaska, Canada and the Caribbean Basin. It provides heavy civil marine construction services through projects that are obtained primarily through a competitive bid or contract process. The Company’s business-wide clients include the United States Army Corps of Engineers, the United States Navy, the United States Coast Guard, state transportation departments, local port authorities and private customers, such as petrochemical terminal operators, private terminal operators and recreational waterside facilities.
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