Boston Partners Reduces Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Boston Partners cut its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 81.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,046 shares of the construction company's stock after selling 365,063 shares during the quarter. Boston Partners owned about 0.21% of Orion Group worth $609,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ORN. Brandes Investment Partners LP boosted its position in Orion Group by 3.8% during the fourth quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company's stock valued at $25,143,000 after acquiring an additional 126,696 shares during the last quarter. Royce & Associates LP boosted its position in shares of Orion Group by 15.6% during the 4th quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company's stock valued at $14,833,000 after purchasing an additional 273,760 shares in the last quarter. Portolan Capital Management LLC boosted its holdings in shares of Orion Group by 56.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company's stock worth $11,455,000 after buying an additional 717,533 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Orion Group by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company's stock worth $3,907,000 after buying an additional 10,098 shares during the period. Finally, State Street Corp increased its stake in shares of Orion Group by 27.3% in the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company's stock valued at $3,186,000 after acquiring an additional 118,296 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

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

Orion Group Stock Down 3.3 %

ORN traded down $0.19 during mid-day trading on Wednesday, reaching $5.57. 308,861 shares of the stock were exchanged, compared to its average volume of 455,301. The company has a 50 day moving average price of $7.13 and a two-hundred day moving average price of $7.08. The stock has a market capitalization of $217.25 million, a PE ratio of -13.93, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group Holdings, Inc. has a 1 year low of $4.85 and a 1 year high of $12.12.

Orion Group (NYSE:ORN - Get Free Report) last posted its 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 firm had revenue of $216.88 million for the quarter, compared to analysts' expectations 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 EPS. As a group, research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

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.