California Public Employees Retirement System Has $616,000 Position in Orion Group Holdings, Inc. (ORN)

California Public Employees Retirement System maintained its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,500 shares of the construction company’s stock at the end of the second quarter. California Public Employees Retirement System owned 0.29% of Orion Group Holdings worth $616,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ORN. Stevens Capital Management LP raised its position in shares of Orion Group Holdings by 8.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock worth $107,000 after acquiring an additional 1,151 shares in the last quarter. Arizona State Retirement System raised its position in shares of Orion Group Holdings by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock worth $109,000 after acquiring an additional 100 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of Orion Group Holdings in the 2nd quarter worth about $143,000. Texas Permanent School Fund raised its position in shares of Orion Group Holdings by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock worth $152,000 after acquiring an additional 249 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Orion Group Holdings by 14.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,560 shares of the construction company’s stock worth $154,000 after acquiring an additional 2,583 shares in the last quarter. 88.03% of the stock is owned by institutional investors and hedge funds.

Shares of Orion Group Holdings, Inc. (ORN) opened at $7.71 on Monday. 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, Inc. has a 12 month low of $5.17 and a 12 month high of $11.11.

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

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ORN has been the subject of several research analyst reports. Canaccord Genuity reissued a “hold” rating and issued a $7.00 price objective on shares of Orion Group Holdings in a research report on Thursday, October 5th. ValuEngine lowered Orion Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised 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 lowered their price objective on Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.50.

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

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