BNP Paribas Financial Markets Buys 67,332 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

BNP Paribas Financial Markets lifted its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 1,140.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,235 shares of the construction company's stock after purchasing an additional 67,332 shares during the period. BNP Paribas Financial Markets owned about 0.19% of Orion Group worth $423,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Orion Group by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company's stock valued at $17,907,000 after acquiring an additional 46,079 shares during the period. Royce & Associates LP raised its stake in Orion Group by 12.9% during the third quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company's stock worth $10,096,000 after acquiring an additional 200,420 shares during the period. American Century Companies Inc. boosted its holdings in shares of Orion Group by 311.9% during the second quarter. American Century Companies Inc. now owns 453,461 shares of the construction company's stock valued at $4,312,000 after acquiring an additional 343,368 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Orion Group in the 3rd quarter valued at approximately $1,873,000. Finally, Empowered Funds LLC raised its position in shares of Orion Group by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 250,021 shares of the construction company's stock worth $1,443,000 after buying an additional 12,730 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.

Orion Group Price Performance

Orion Group stock remained flat at $8.16 during mid-day trading on Friday. 230,916 shares of the company's stock traded hands, compared to its average volume of 413,913. The firm's fifty day simple moving average is $7.26 and its two-hundred day simple moving average is $7.86. 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 firm has a market capitalization of $317.42 million, a PE ratio of -20.40, a P/E/G ratio of 3.64 and a beta of 0.89. Orion Group Holdings, Inc. has a 12-month low of $4.09 and a 12-month high of $12.12.

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.