Magnus Financial Group LLC Invests $74,000 in Orion Group Holdings Inc (ORN)

Magnus Financial Group LLC bought a new position in shares of Orion Group Holdings Inc (NYSE:ORN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,284 shares of the construction company’s stock, valued at approximately $74,000. Magnus Financial Group LLC owned approximately 0.06% of Orion Group at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund purchased a new position in Orion Group during the 4th quarter valued at approximately $47,000. SG Americas Securities LLC purchased a new position in Orion Group during the 4th quarter valued at approximately $49,000. Taylor Cottrill Erickson & Associates Inc. grew its holdings in Orion Group by 38.2% during the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,100 shares of the construction company’s stock valued at $78,000 after buying an additional 5,000 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Orion Group by 28.8% during the 4th quarter. New York State Teachers Retirement System now owns 18,337 shares of the construction company’s stock valued at $79,000 after buying an additional 4,100 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in Orion Group during the 3rd quarter valued at approximately $216,000. Hedge funds and other institutional investors own 93.53% of the company’s stock.

ORN has been the subject of several research analyst reports. ValuEngine upgraded Orion Group from a “sell” rating to a “hold” rating in a report on Saturday, December 15th. Zacks Investment Research cut Orion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.44.

NYSE:ORN opened at $4.15 on Friday. The company has a market capitalization of $120.21 million, a PE ratio of -29.64 and a beta of 1.14. Orion Group Holdings Inc has a 1 year low of $3.66 and a 1 year high of $9.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.55.

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Orion Group Company Profile

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's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

Further Reading: Short Selling

Institutional Ownership by Quarter for Orion Group (NYSE:ORN)

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