Systematic Financial Management LP raised its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,045 shares of the construction company’s stock after acquiring an additional 15,150 shares during the period. Systematic Financial Management LP owned approximately 0.64% of Orion Group worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ORN. Vanguard Group Inc. raised its holdings in shares of Orion Group 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 acquiring an additional 179,950 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Orion Group by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 196,358 shares of the construction company’s stock valued at $1,466,000 after purchasing an additional 5,694 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Orion Group by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,808,756 shares of the construction company’s stock valued at $13,511,000 after purchasing an additional 240,368 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Orion Group by 39.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 50,600 shares of the construction company’s stock valued at $378,000 after purchasing an additional 14,400 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Orion Group by 107.6% during the 1st quarter. Bank of America Corp DE now owns 42,213 shares of the construction company’s stock valued at $316,000 after purchasing an additional 21,881 shares during the last quarter. 85.70% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on ORN. Canaccord Genuity raised Orion Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. ValuEngine downgraded Orion Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised Orion Group 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 in a research report on Wednesday, November 1st. Finally, FBR & Co cut their target price on Orion Group from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $8.50.

Orion Group Holdings, Inc. (NYSE ORN) traded up $0.03 during midday trading on Friday, hitting $7.80. The stock had a trading volume of 201,437 shares, compared to its average volume of 125,958. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.49. Orion Group Holdings, Inc. has a 52-week low of $5.17 and a 52-week high of $11.11.

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

In other Orion Group news, Director Austin J. Shanfelter sold 9,721 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $7.50, for a total value of $72,907.50. Following the transaction, the director now owns 31,430 shares of the company’s stock, valued at approximately $235,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.00% of the company’s stock.

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Orion Group 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 (NYSE:ORN)

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