Empowered Funds LLC Trims Position in Orion Group Holdings, Inc. (NYSE:ORN)

Empowered Funds LLC lessened its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 53.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 117,500 shares of the construction company's stock after selling 132,521 shares during the period. Empowered Funds LLC owned about 0.30% of Orion Group worth $861,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORN. The Manufacturers Life Insurance Company bought a new position in Orion Group during the second quarter valued at approximately $115,000. SG Americas Securities LLC bought a new position in Orion Group during the third quarter valued at approximately $67,000. Harbor Capital Advisors Inc. bought a new position in Orion Group during the third quarter valued at approximately $1,873,000. Perkins Capital Management Inc. bought a new position in Orion Group during the third quarter valued at approximately $173,000. Finally, Atria Investments Inc lifted its position in Orion Group by 14.6% during the third 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 during the period. Institutional investors own 70.25% of the company's stock.

Orion Group Stock Performance

ORN traded down $0.68 during trading on Friday, hitting $7.05. The company's stock had a trading volume of 385,670 shares, compared to its average volume of 410,137. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a one year low of $5.23 and a one year high of $12.12. The firm has a market cap of $274.05 million, a PE ratio of -17.61, a P/E/G ratio of 1.08 and a beta of 0.93. The business's 50 day simple moving average is $7.75 and its 200-day simple moving average is $7.25.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ORN shares. StockNews.com upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. DA Davidson started coverage on shares of Orion Group in a research report on Friday, January 17th. They issued a "buy" rating and a $11.00 price target on the stock.

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.