Dimensional Fund Advisors LP Has $14.70 Million Holdings in Orion Group Holdings, Inc. (ORN)

Dimensional Fund Advisors LP raised its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 8.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,968,372 shares of the construction company’s stock after purchasing an additional 159,616 shares during the period. Dimensional Fund Advisors LP owned 6.98% of Orion Group Holdings worth $14,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Orion Group Holdings by 14.3% during the first quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock valued at $10,730,000 after purchasing an additional 179,950 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Orion Group Holdings by 18.1% during the second quarter. Russell Investments Group Ltd. now owns 674,663 shares of the construction company’s stock valued at $5,039,000 after purchasing an additional 103,429 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Orion Group Holdings by 24.7% during the second quarter. Brandes Investment Partners LP now owns 336,759 shares of the construction company’s stock valued at $2,516,000 after purchasing an additional 66,610 shares in the last quarter. Northern Trust Corp increased its stake in shares of Orion Group Holdings by 8.0% during the second quarter. Northern Trust Corp now owns 322,745 shares of the construction company’s stock valued at $2,411,000 after purchasing an additional 23,798 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Orion Group Holdings by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 312,968 shares of the construction company’s stock valued at $2,338,000 after purchasing an additional 14,096 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Shares of Orion Group Holdings, Inc. (NYSE:ORN) opened at $7.60 on Monday. Orion Group Holdings, Inc. has a fifty-two week low of $5.17 and a fifty-two week high of $11.11. The company has a current ratio of 1.49, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Orion Group Holdings (NYSE:ORN) last posted its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.18) EPS for the quarter, missing the Zacks’ 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 firm had revenue of $140.20 million for the quarter, compared to analysts’ expectations of $166.08 million. During the same quarter in the previous year, the company earned $0.17 EPS. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. research analysts expect that Orion Group Holdings, Inc. will post 0.05 earnings per share for the current year.

A number of equities analysts have weighed in on ORN shares. Canaccord Genuity decreased their target price on shares of Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, August 4th. FBR & Co decreased their target price on shares of Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 18th. Zacks Investment Research raised shares of Orion Group Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, B. Riley reaffirmed a “buy” rating on shares of Orion Group Holdings in a research note on Wednesday, November 1st.

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About Orion Group Holdings

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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