Van Den Berg Management I Inc. lowered its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,394,555 shares of the construction company’s stock after selling 67,800 shares during the period. Van Den Berg Management I Inc. owned about 4.95% of Orion Group worth $9,148,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. QS Investors LLC lifted its stake in Orion Group by 94.3% in the second quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after acquiring an additional 6,613 shares during the last quarter. Stevens Capital Management LP lifted its holdings in Orion Group by 8.7% during the second quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock valued at $107,000 after purchasing an additional 1,151 shares during the last quarter. Arizona State Retirement System lifted its holdings in Orion Group by 0.7% during the second quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock valued at $109,000 after purchasing an additional 100 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Orion Group during the second quarter valued at about $133,000. Finally, Voya Investment Management LLC lifted its holdings in Orion Group by 21.6% during the second quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock valued at $134,000 after purchasing an additional 3,175 shares during the last quarter. 85.64% of the stock is owned by institutional investors.
In other Orion Group news, Director Austin J. Shanfelter sold 9,721 shares of Orion Group stock in a transaction that occurred 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 sale, the director now owns 31,430 shares of the company’s stock, valued at approximately $235,725. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.00% of the stock is currently owned by company insiders.
Shares of Orion Group Holdings, Inc. (ORN) traded up $0.03 during mid-day trading on Friday, reaching $7.62. The company had a trading volume of 66,825 shares, compared to its average volume of 104,394. Orion Group Holdings, Inc. has a 12 month low of $5.17 and a 12 month high of $11.11. 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 (NYSE:ORN) last announced its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The business had revenue of $140.20 million during the quarter, compared to analysts’ expectations of $166.08 million. During the same period in the previous year, the business earned $0.17 EPS. The business’s revenue was down 14.5% compared to the same quarter last year. sell-side analysts anticipate that Orion Group Holdings, Inc. will post -0.05 EPS for the current fiscal year.
ORN has been the topic of several analyst reports. FBR & Co decreased their price target 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. Canaccord Genuity raised Orion Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. B. Riley reaffirmed a “buy” rating on shares of Orion Group in a research note on Wednesday, November 1st. Zacks Investment Research raised Orion Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, ValuEngine lowered Orion Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One 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. Orion Group currently has an average rating of “Hold” and a consensus price target of $8.50.
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Orion Group 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.
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