Orion Group Holdings, Inc. (NYSE:ORN) Holdings Lowered by Grace & White Inc. NY

Grace & White Inc. NY reduced its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,358,652 shares of the construction company’s stock after selling 21,300 shares during the period. Orion Group makes up 1.2% of Grace & White Inc. NY’s portfolio, making the stock its 28th largest holding. Grace & White Inc. NY’s holdings in Orion Group were worth $6,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Citigroup Inc. purchased a new position in shares of Orion Group in the third quarter worth approximately $98,000. Belvedere Trading LLC purchased a new position in Orion Group during the third quarter valued at approximately $112,000. Nierenberg Investment Management Company Inc. purchased a new position in Orion Group during the third quarter valued at approximately $121,000. Assenagon Asset Management S.A. purchased a new position in Orion Group during the third quarter valued at approximately $125,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Orion Group during the third quarter valued at approximately $156,000. 70.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ORN has been the topic of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and set a $9.50 price objective (up from $6.25) on shares of Orion Group in a research report on Thursday, March 14th. StockNews.com cut shares of Orion Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 9th.

Orion Group Stock Performance

Orion Group stock traded up $0.09 on Tuesday, hitting $7.60. The company’s stock had a trading volume of 250,579 shares, compared to its average volume of 267,213. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $7.77 and a 200-day moving average price of $6.01. Orion Group Holdings, Inc. has a one year low of $2.33 and a one year high of $9.84.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. Orion Group had a negative net margin of 2.51% and a negative return on equity of 9.14%. The firm had revenue of $201.59 million for the quarter, compared to analyst estimates of $191.31 million. Equities analysts predict that Orion Group Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Transactions at Orion Group

In other news, CEO Travis J. Boone bought 12,000 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $7.01 per share, with a total value of $84,120.00. Following the acquisition, the chief executive officer now owns 402,557 shares in the company, valued at $2,821,924.57. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Travis J. Boone acquired 12,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $7.01 per share, with a total value of $84,120.00. Following the acquisition, the chief executive officer now directly owns 402,557 shares in the company, valued at $2,821,924.57. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward Chipman Earle acquired 8,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $6.88 per share, for a total transaction of $55,040.00. Following the acquisition, the executive vice president now owns 69,602 shares in the company, valued at $478,861.76. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 22,430 shares of company stock valued at $156,340. 7.30% of the stock is owned by insiders.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.