Orion Group Holdings Inc (ORN) Position Boosted by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its position in shares of Orion Group Holdings Inc (NYSE:ORN) by 20.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,336 shares of the construction company’s stock after buying an additional 31,336 shares during the period. Wedge Capital Management L L P NC owned 0.63% of Orion Group worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in Orion Group by 1.3% during the second quarter. Renaissance Technologies LLC now owns 525,215 shares of the construction company’s stock worth $4,338,000 after purchasing an additional 6,815 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Orion Group by 16.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 58,739 shares of the construction company’s stock worth $486,000 after purchasing an additional 8,139 shares during the period. California Public Employees Retirement System boosted its position in Orion Group by 13.4% during the first quarter. California Public Employees Retirement System now owns 93,525 shares of the construction company’s stock worth $616,000 after purchasing an additional 11,025 shares during the period. SG Americas Securities LLC bought a new position in Orion Group during the second quarter worth $150,000. Finally, Engineers Gate Manager LP bought a new position in Orion Group during the second quarter worth $161,000. Institutional investors and hedge funds own 88.56% of the company’s stock.

In other news, Director Austin J. Shanfelter sold 4,606 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $8.08, for a total value of $37,216.48. Following the completion of the sale, the director now owns 33,292 shares of the company’s stock, valued at $268,999.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.60% of the company’s stock.

Shares of Orion Group stock opened at $4.55 on Friday. The stock has a market capitalization of $127.45 million, a PE ratio of -32.50 and a beta of 1.47. Orion Group Holdings Inc has a 52-week low of $4.32 and a 52-week high of $9.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.55.

Orion Group (NYSE:ORN) last announced its earnings results on Thursday, November 1st. The construction company reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. The company had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $140.40 million. Orion Group had a net margin of 1.63% and a return on equity of 0.38%. As a group, analysts anticipate that Orion Group Holdings Inc will post -0.26 earnings per share for the current year.

A number of research firms have commented on ORN. Canaccord Genuity reduced their price objective on shares of Orion Group from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, October 19th. B. Riley lifted their price objective on shares of Orion Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. ValuEngine cut shares of Orion Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Zacks Investment Research cut shares of Orion Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Noble Financial set a $10.00 target price on shares of Orion Group and gave the company a “buy” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $8.63.

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About Orion Group

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

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

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