Algert Global LLC boosted its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 73.8% during the second quarter, Holdings Channel reports. The institutional investor owned 143,620 shares of the construction company’s stock after buying an additional 60,995 shares during the period. Algert Global LLC’s holdings in Orion Group Holdings were worth $1,073,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of ORN. Arizona State Retirement System boosted its position in shares of Orion Group Holdings by 1.4% in the first quarter. Arizona State Retirement System now owns 14,435 shares of the construction company’s stock valued at $108,000 after buying an additional 200 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Orion Group Holdings by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,840 shares of the construction company’s stock valued at $148,000 after buying an additional 860 shares in the last quarter. Trexquant Investment LP boosted its position in shares of Orion Group Holdings by 41.0% in the first quarter. Trexquant Investment LP now owns 14,848 shares of the construction company’s stock valued at $111,000 after buying an additional 4,316 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of Orion Group Holdings during the fourth quarter valued at about $179,000. Finally, LS Investment Advisors LLC boosted its position in shares of Orion Group Holdings by 1,915.0% in the first quarter. LS Investment Advisors LLC now owns 18,719 shares of the construction company’s stock valued at $140,000 after buying an additional 17,790 shares in the last quarter. 90.44% of the stock is owned by hedge funds and other institutional investors.

Orion Group Holdings, Inc. (NYSE:ORN) opened at 6.14 on Thursday. Orion Group Holdings, Inc. has a one year low of $5.76 and a one year high of $11.11. The company’s 50-day moving average price is $7.11 and its 200 day moving average price is $8.04. The firm’s market capitalization is $170.64 million.

Orion Group Holdings (NYSE:ORN) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.16. The firm had revenue of $137.40 million for the quarter, compared to the consensus estimate of $161.68 million. Orion Group Holdings had a negative net margin of 0.98% and a positive return on equity of 1.37%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) earnings per share. On average, analysts forecast that Orion Group Holdings, Inc. will post $0.33 earnings per share for the current year.

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Several brokerages recently issued reports on ORN. Canaccord Genuity reduced their price objective on Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating for the company in a report on Friday, August 4th. FBR & Co reaffirmed a “buy” rating and set a $12.00 price objective on shares of Orion Group Holdings in a report on Monday, May 15th. Finally, Zacks Investment Research raised Orion Group Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.75.

In other Orion Group Holdings news, CFO Christopher James Dealmeida sold 24,925 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $8.07, for a total transaction of $201,144.75. Following the completion of the transaction, the chief financial officer now directly owns 28,367 shares of the company’s stock, valued at approximately $228,921.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Larry Dwayne Breaux sold 3,500 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $7.21, for a total value of $25,235.00. Following the transaction, the chief operating officer now directly owns 142,123 shares of the company’s stock, valued at $1,024,706.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,214 shares of company stock valued at $342,675. 8.00% of the stock is currently owned by corporate insiders.

Orion Group Holdings 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 Holdings (NYSE:ORN)

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