Orion Group Holdings, Inc. (NYSE:ORN) Shares Acquired by Brandes Investment Partners LP

Brandes Investment Partners LP increased its holdings in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,430,089 shares of the construction company's stock after acquiring an additional 126,696 shares during the quarter. Brandes Investment Partners LP owned approximately 8.82% of Orion Group worth $25,143,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Portolan Capital Management LLC increased its holdings in shares of Orion Group by 56.6% during the third quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company's stock valued at $11,455,000 after acquiring an additional 717,533 shares in the last quarter. Wellington Management Group LLP acquired a new position in Orion Group in the 3rd quarter worth approximately $2,318,000. Royce & Associates LP grew its stake in shares of Orion Group by 12.9% during the 3rd quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company's stock worth $10,096,000 after purchasing an additional 200,420 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Orion Group during the 4th quarter worth approximately $1,074,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Orion Group by 930.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company's stock worth $776,000 after purchasing an additional 121,507 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com upgraded Orion Group from a "hold" rating to a "buy" rating in a research report on Saturday. DA Davidson initiated coverage on Orion Group in a research report on Friday, January 17th. They set a "buy" rating and a $11.00 target price on the stock.

Orion Group Stock Performance

NYSE ORN traded up $0.15 on Wednesday, reaching $6.02. The stock had a trading volume of 320,545 shares, compared to its average volume of 460,027. 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 12-month low of $4.85 and a 12-month high of $12.12. The business's 50-day moving average price is $7.24 and its 200 day moving average price is $7.11. The stock has a market cap of $234.72 million, a P/E ratio of -15.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93.

Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 0.71% and a negative net margin of 1.63%. During the same quarter in the prior year, the company posted $0.08 earnings per share. As a group, equities analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share 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.