B. Riley Comments on Orion Group Holdings, Inc.’s Q4 2022 Earnings (NYSE:ORN)

Orion Group Holdings, Inc. (NYSE:ORNGet Rating) – Research analysts at B. Riley dropped their Q4 2022 earnings per share estimates for shares of Orion Group in a research note issued on Friday, July 29th. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.08. The consensus estimate for Orion Group’s current full-year earnings is ($0.04) per share.

Separately, StockNews.com began coverage on Orion Group in a research report on Saturday. They issued a “hold” rating on the stock.

Orion Group Stock Performance

Shares of ORN opened at $2.68 on Monday. The business’s 50 day moving average is $2.50 and its two-hundred day moving average is $2.70. Orion Group has a 52-week low of $2.10 and a 52-week high of $5.80. The firm has a market cap of $82.12 million, a price-to-earnings ratio of -4.00 and a beta of 0.76. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Orion Group

A number of institutional investors have recently made changes to their positions in the business. Koss Olinger Consulting LLC bought a new stake in shares of Orion Group in the 4th quarter valued at approximately $41,000. Founders Capital Management increased its holdings in shares of Orion Group by 100.0% in the 2nd quarter. Founders Capital Management now owns 12,000 shares of the construction company’s stock valued at $27,000 after acquiring an additional 6,000 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Orion Group in the 1st quarter valued at approximately $41,000. Assenagon Asset Management S.A. bought a new stake in shares of Orion Group in the 1st quarter valued at approximately $53,000. Finally, Columbia Advisory Partners LLC bought a new stake in shares of Orion Group in the 1st quarter valued at approximately $61,000. 57.88% of the stock is owned by institutional investors and hedge funds.

Orion Group Company Profile

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Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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