American Century Companies Inc. Grows Stake in Orion Group Holdings, Inc. (NYSE:ORN)

American Century Companies Inc. raised its holdings in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 676,098 shares of the construction company's stock after purchasing an additional 56,154 shares during the period. American Century Companies Inc. owned 1.74% of Orion Group worth $4,956,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ORN. Wellington Management Group LLP purchased a new position in Orion Group in the 3rd quarter valued at about $2,318,000. Royce & Associates LP raised its position in shares of Orion Group by 15.6% in the fourth quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company's stock valued at $14,833,000 after buying an additional 273,760 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Orion Group during the fourth quarter valued at approximately $1,074,000. Monimus Capital Management LP acquired a new stake in Orion Group during the fourth quarter worth approximately $930,000. Finally, Brandes Investment Partners LP grew its stake in Orion Group by 3.8% in the 4th quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company's stock worth $25,143,000 after acquiring an additional 126,696 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Trading Down 0.3 %

Shares of ORN stock traded down $0.02 on Thursday, reaching $5.55. 359,862 shares of the stock were exchanged, compared to its average volume of 453,104. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock has a market cap of $215.34 million, a P/E ratio of -13.86, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. The firm has a 50 day moving average of $6.41 and a two-hundred day moving average of $6.98. Orion Group Holdings, Inc. has a 1-year low of $4.64 and a 1-year high of $12.12.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORN. DA Davidson started coverage on Orion Group in a research note on Friday, January 17th. They set a "buy" rating and a $11.00 price target on the stock. B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, StockNews.com downgraded shares of Orion Group from a "buy" rating to a "hold" rating in a research note on Sunday, March 23rd.

About Orion Group

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.