CenterBook Partners LP Acquires 114,986 Shares of Orion Group Holdings, Inc. $ORN

CenterBook Partners LP grew its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 27.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 541,511 shares of the construction company’s stock after buying an additional 114,986 shares during the quarter. CenterBook Partners LP owned 1.36% of Orion Group worth $4,505,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Orion Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,024,885 shares of the construction company’s stock valued at $16,847,000 after acquiring an additional 5,572 shares during the period. Essex Investment Management Co. LLC lifted its stake in Orion Group by 3.5% during the third quarter. Essex Investment Management Co. LLC now owns 310,652 shares of the construction company’s stock worth $2,585,000 after purchasing an additional 10,365 shares during the period. Seros Financial LLC boosted its holdings in Orion Group by 25.2% during the third quarter. Seros Financial LLC now owns 133,448 shares of the construction company’s stock valued at $1,110,000 after purchasing an additional 26,858 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Orion Group by 6.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 50,060 shares of the construction company’s stock valued at $416,000 after purchasing an additional 2,888 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Orion Group in the 3rd quarter valued at approximately $87,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Stock Performance

Shares of NYSE:ORN opened at $13.09 on Thursday. The business has a fifty day moving average of $11.59 and a 200-day moving average of $9.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.35 and a current ratio of 1.36. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $15.00. The firm has a market cap of $522.29 million, a PE ratio of 56.92 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ORN shares. DA Davidson raised their target price on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Orion Group in a research note on Thursday, January 22nd. B. Riley Financial restated a “buy” rating on shares of Orion Group in a research note on Thursday, February 5th. Roth Mkm assumed coverage on shares of Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Orion Group in a research report on Thursday, January 22nd. They set an “overweight” rating and a $16.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.88.

Orion Group Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.