The stock of Orion Group Holdings Inc (NYSE:ORN) hit a new 52-week high and has $23.96 target or 147.00% above today’s $9.70 share price. The 5 months bullish chart indicates low risk for the $271.31M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $23.96 price target is reached, the company will be worth $398.83 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 83,484 shares traded hands. Orion Group Holdings Inc (NYSE:ORN) has risen 69.00% since April 19, 2016 and is uptrending. It has outperformed by 65.14% the S&P500.
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. The company was downgraded on Thursday, May 12 by Imperial Capital. The stock of Orion Group Holdings Inc (NYSE:ORN) earned “Mkt Perform” rating by FBR Capital on Wednesday, October 21. The firm has “Hold” rating given on Tuesday, August 11 by Zacks. The firm earned “Outperform” rating on Thursday, October 6 by FBR Capital. The firm earned “Buy” rating on Friday, August 5 by DA Davidson. The company was downgraded on Friday, October 2 by BB&T Capital. The rating was maintained by FBR Capital with “Outperform” on Tuesday, August 25. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. On Monday, August 17 the stock rating was initiated by Stephens with “Overweight”. The firm earned “Neutral” rating on Thursday, October 13 by DA Davidson.
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 increased to 2.25 in Q2 2016. Its up 1.04, from 1.21 in 2016Q1. The ratio increased, 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.
The Quebec – Canada-based Sector Pension Investment Board has invested 0% in Orion Group Holdings Inc (NYSE:ORN). Parametric Associate Ltd Liability reported 385,205 shares or 0% of all its holdings. The New Jersey-based Prudential Financial has invested 0% in Orion Group Holdings Inc (NYSE:ORN). Blackrock last reported 0% of its portfolio in the stock. Capstone Asset Mgmt accumulated 61,490 shares or 0.01% of the stock. Hotchkis Wiley Cap Mngmt Lc holds 0% or 10,905 shares in its portfolio. Tci Wealth Advsr has 436 shares for 0% of their US portfolio. Walleye Trading Ltd Liability Company holds 9,300 shares or 0% of its portfolio. Oxford Asset Mngmt last reported 107,152 shares in the company. Van Den Berg Mngmt I has invested 1.3% of its portfolio in Orion Group Holdings Inc (NYSE:ORN). Credit Suisse Ag has 0% invested in the company for 11,320 shares. The Ontario – Canada-based Royal State Bank Of Canada has invested 0% in Orion Group Holdings Inc (NYSE:ORN). Blackrock Ltd has invested 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN). Bridgeway Capital Management has 250,764 shares for 0.02% of their US portfolio. 1492 Cap Mngmt Ltd Liability Com last reported 0.18% of its portfolio in 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 Globenewswire.com with their article: “Orion Group Holdings, Inc. Schedules Announcement of Third Quarter 2016 …” published on October 18, 2016, Quotes.Wsj.com published: “News Orion Group Holdings Inc.ORN” on February 11, 2011. More interesting news about Orion Group Holdings Inc (NYSE:ORN) were released by: Marketwatch.com and their article: “Orion Group Holdings Inc.” published on April 06, 2010 as well as Zacks.com‘s news article titled: “Orion Group Holdings (ORN) Worth a Look: Stock Gains 5.3%” with publication date: November 08, 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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