Orion Group Holdings Inc (ORN) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in shares of Orion Group Holdings Inc (NYSE:ORN) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 86,700 shares of the construction company’s stock after selling 9,500 shares during the quarter. Strs Ohio’s holdings in Orion Group were worth $678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Orion Group by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,015,742 shares of the construction company’s stock valued at $13,223,000 after purchasing an additional 47,370 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Orion Group by 25.6% in the third quarter. Brandes Investment Partners LP now owns 423,018 shares of the construction company’s stock valued at $2,775,000 after purchasing an additional 86,259 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Orion Group by 69.6% in the third quarter. Wells Fargo & Company MN now owns 32,271 shares of the construction company’s stock valued at $212,000 after purchasing an additional 13,240 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Orion Group by 29.9% in the third quarter. JPMorgan Chase & Co. now owns 70,858 shares of the construction company’s stock valued at $450,000 after purchasing an additional 16,294 shares during the period. Finally, South Dakota Investment Council boosted its stake in shares of Orion Group by 21.1% in the third quarter. South Dakota Investment Council now owns 431,159 shares of the construction company’s stock valued at $2,828,000 after purchasing an additional 75,000 shares during the period. 85.66% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on the stock. B. Riley reissued a “buy” rating on shares of Orion Group in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Orion Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Noble Financial assumed coverage on shares of Orion Group in a research note on Thursday, January 25th. They issued a “buy” rating and a $10.00 price objective for the company. Canaccord Genuity reissued a “hold” rating and issued a $7.00 price objective on shares of Orion Group in a research note on Wednesday, October 18th. Finally, ValuEngine lowered shares of Orion Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $9.25.

In related news, Director Austin J. Shanfelter sold 9,721 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were 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 $235,725. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark R. Stauffer sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $7.56, for a total transaction of $151,200.00. Following the completion of the sale, the insider now directly owns 362,631 shares in the company, valued at approximately $2,741,490.36. The disclosure for this sale can be found here. 8.00% of the stock is owned by company insiders.

Shares of Orion Group Holdings Inc (NYSE ORN) opened at $6.55 on Friday. The firm has a market cap of $184.71, a P/E ratio of -11.70 and a beta of 1.21. Orion Group Holdings Inc has a 1-year low of $5.17 and a 1-year high of $10.61. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30.

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

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