Acuitas Investments LLC Sells 174,177 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Acuitas Investments LLC reduced its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 359,458 shares of the construction company's stock after selling 174,177 shares during the quarter. Orion Group makes up 2.2% of Acuitas Investments LLC's portfolio, making the stock its 22nd largest holding. Acuitas Investments LLC owned approximately 0.92% of Orion Group worth $2,635,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new position in Orion Group during the 2nd quarter valued at about $115,000. SG Americas Securities LLC bought a new position in shares of Orion Group in the third quarter valued at approximately $67,000. Harbor Capital Advisors Inc. bought a new position in shares of Orion Group in the third quarter valued at approximately $1,873,000. Perkins Capital Management Inc. bought a new stake in Orion Group during the 3rd quarter worth approximately $173,000. Finally, Atria Investments Inc increased its holdings in Orion Group by 14.6% during the 3rd 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. Institutional investors own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. DA Davidson initiated coverage on shares of Orion Group in a report on Friday, January 17th. They set a "buy" rating and a $11.00 price objective on the stock. StockNews.com raised shares of Orion Group from a "hold" rating to a "buy" rating in a report on Friday, November 1st.

Orion Group Stock Down 8.7 %

NYSE:ORN traded down $0.68 during trading hours on Friday, reaching $7.05. 385,670 shares of the stock were exchanged, compared to its average volume of 410,137. Orion Group Holdings, Inc. has a twelve month low of $5.23 and a twelve month high of $12.12. The stock has a market cap of $274.05 million, a PE ratio of -17.61, a PEG ratio of 1.08 and a beta of 0.93. The firm has a 50 day moving average of $7.75 and a 200 day moving average of $7.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

Orion Group Company 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.