Connor Clark & Lunn Investment Management Ltd. Invests $1.07 Million in Orion Group Holdings, Inc. (NYSE:ORN)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 146,475 shares of the construction company's stock, valued at approximately $1,074,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.38% of Orion Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in shares of Orion Group by 6.5% during the fourth quarter. Rhumbline Advisers now owns 36,138 shares of the construction company's stock valued at $265,000 after acquiring an additional 2,198 shares during the period. Bank of New York Mellon Corp raised its stake in Orion Group by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company's stock valued at $540,000 after purchasing an additional 3,432 shares during the period. SG Americas Securities LLC raised its stake in Orion Group by 43.0% during the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company's stock valued at $121,000 after purchasing an additional 4,978 shares during the period. Atria Investments Inc lifted its holdings in shares of Orion Group by 14.6% in the third quarter. Atria Investments Inc now owns 49,298 shares of the construction company's stock valued at $284,000 after purchasing an additional 6,285 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Orion Group in the fourth quarter worth $49,000. Institutional investors own 70.25% of the company's stock.

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Orion Group Stock Up 3.0 %

Shares of ORN traded up $0.18 during midday trading on Monday, reaching $5.94. 194,145 shares of the stock were exchanged, compared to its average volume of 458,558. The company has a market cap of $231.41 million, a price-to-earnings ratio of -14.84, a P/E/G ratio of 1.10 and a beta of 0.93. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a 12-month low of $4.85 and a 12-month high of $12.12. The firm has a 50 day simple moving average of $7.17 and a 200-day simple moving average of $7.09.

Orion Group (NYSE:ORN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same quarter last year, the firm earned $0.08 earnings per share. Research analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORN. B. Riley raised Orion Group to a "strong-buy" rating in a research note on Tuesday, March 18th. DA Davidson began coverage on shares of Orion Group in a report on Friday, January 17th. They set a "buy" rating and a $11.00 price target for the company. Finally, StockNews.com downgraded shares of Orion Group from a "buy" rating to a "hold" rating in a research report on Sunday.

Orion Group Profile

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