Geode Capital Management LLC Buys 101,526 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Geode Capital Management LLC raised its holdings in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 778,443 shares of the construction company's stock after acquiring an additional 101,526 shares during the period. Geode Capital Management LLC owned approximately 2.00% of Orion Group worth $5,707,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ORN. State Street Corp lifted its position in Orion Group by 27.3% during the third quarter. State Street Corp now owns 552,152 shares of the construction company's stock valued at $3,186,000 after purchasing an additional 118,296 shares during the last quarter. Barclays PLC raised its position in shares of Orion Group by 29.7% during the 3rd quarter. Barclays PLC now owns 43,560 shares of the construction company's stock valued at $252,000 after buying an additional 9,966 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Orion Group by 41.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 45,134 shares of the construction company's stock worth $260,000 after acquiring an additional 13,253 shares during the last quarter. JPMorgan Chase & Co. grew its position in Orion Group by 930.2% in the third quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company's stock worth $776,000 after acquiring an additional 121,507 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Orion Group by 1,936.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock valued at $69,000 after acquiring an additional 8,965 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

ORN has been the subject of a number of research reports. DA Davidson began coverage on Orion Group in a report on Friday, January 17th. They issued a "buy" rating and a $11.00 price objective for the company. 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 raised shares of Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

Orion Group Trading Up 4.0 %

Shares of NYSE:ORN traded up $0.24 during trading on Tuesday, reaching $6.33. 378,546 shares of the company traded hands, compared to its average volume of 449,323. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week high of $12.12. The firm has a market capitalization of $245.94 million, a price-to-earnings ratio of -15.83, a P/E/G ratio of 1.10 and a beta of 0.81. The business's fifty day moving average is $5.89 and its 200-day moving average is $7.00.

Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.12. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. As a group, analysts forecast 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.