Voya Investment Management LLC boosted its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 21.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,899 shares of the construction company’s stock after purchasing an additional 3,175 shares during the period. Voya Investment Management LLC owned approximately 0.06% of Orion Group Holdings worth $134,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Orion Group Holdings by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock worth $14,704,000 after purchasing an additional 159,616 shares during the last quarter. Vanguard Group Inc. grew its position in Orion Group Holdings by 14.3% during the 1st quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock worth $10,730,000 after purchasing an additional 179,950 shares during the last quarter. Russell Investments Group Ltd. grew its position in Orion Group Holdings by 18.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 674,663 shares of the construction company’s stock worth $5,039,000 after purchasing an additional 103,429 shares during the last quarter. Brandes Investment Partners LP grew its position in Orion Group Holdings by 24.7% during the 2nd quarter. Brandes Investment Partners LP now owns 336,759 shares of the construction company’s stock worth $2,516,000 after purchasing an additional 66,610 shares during the last quarter. Finally, Northern Trust Corp grew its position in Orion Group Holdings by 8.0% during the 2nd quarter. Northern Trust Corp now owns 322,745 shares of the construction company’s stock worth $2,411,000 after purchasing an additional 23,798 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors.

In other Orion Group Holdings news, Director Austin J. Shanfelter sold 9,721 shares of Orion Group Holdings stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $7.50, for a total transaction of $72,907.50. Following the completion of the sale, the director now directly owns 31,430 shares in the company, valued at approximately $235,725. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.00% of the company’s stock.

ORN has been the topic of several research analyst reports. Canaccord Genuity reissued a “hold” rating and set a $7.00 target price on shares of Orion Group Holdings in a research report on Thursday, October 5th. ValuEngine downgraded shares of Orion Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of Orion Group Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley reissued a “buy” rating on shares of Orion Group Holdings in a research report on Wednesday, November 1st. Finally, FBR & Co dropped their target price on shares of Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.50.

Shares of Orion Group Holdings, Inc. (NYSE ORN) opened at $7.77 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. Orion Group Holdings, Inc. has a 12 month low of $5.17 and a 12 month high of $11.11.

Orion Group Holdings (NYSE:ORN) last announced its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.25). Orion Group Holdings had a negative net margin of 2.76% and a negative return on equity of 2.96%. The business had revenue of $140.20 million for the quarter, compared to analyst estimates of $166.08 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The business’s revenue was down 14.5% on a year-over-year basis. sell-side analysts expect that Orion Group Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.

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Orion Group Holdings Company Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

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

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