Private Management Group Inc. Sells 872,850 Shares of Orion Office REIT Inc. (NYSE:ONL)

Private Management Group Inc. reduced its position in Orion Office REIT Inc. (NYSE:ONL) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,260,992 shares of the company’s stock after selling 872,850 shares during the quarter. Private Management Group Inc. owned approximately 0.08% of Orion Office REIT worth $15,808,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in Orion Office REIT by 36.2% in the third quarter. Stifel Financial Corp now owns 46,416 shares of the company’s stock valued at $186,000 after buying an additional 12,326 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Orion Office REIT by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after purchasing an additional 106,383 shares during the period. Barclays PLC lifted its stake in shares of Orion Office REIT by 252.1% in the 3rd quarter. Barclays PLC now owns 73,730 shares of the company’s stock valued at $295,000 after purchasing an additional 52,788 shares during the period. Jane Street Group LLC boosted its position in shares of Orion Office REIT by 23.9% during the 3rd quarter. Jane Street Group LLC now owns 117,934 shares of the company’s stock valued at $472,000 after purchasing an additional 22,759 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Orion Office REIT by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company’s stock worth $6,050,000 after purchasing an additional 7,733 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Orion Office REIT Price Performance

Shares of ONL opened at $4.09 on Thursday. The firm has a market cap of $228.56 million, a PE ratio of -2.65 and a beta of 1.09. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $5.18. The business’s 50 day moving average price is $3.94 and its two-hundred day moving average price is $3.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75.

Orion Office REIT (NYSE:ONL) last released its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $39.18 million for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%.

Orion Office REIT Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.