Next Century Growth Investors LLC Reduces Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Next Century Growth Investors LLC cut its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 552,364 shares of the construction company's stock after selling 49,498 shares during the quarter. Next Century Growth Investors LLC owned about 1.42% of Orion Group worth $4,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Orion Group in the 4th quarter valued at $49,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Orion Group by 1,936.3% during 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 purchasing an additional 8,965 shares during the period. Perritt Capital Management Inc bought a new position in shares of Orion Group in the fourth quarter worth about $73,000. Aigen Investment Management LP purchased a new position in Orion Group in the 4th quarter worth about $80,000. Finally, Raymond James Financial Inc. bought a new stake in Orion Group during the 4th quarter valued at about $88,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ORN. DA Davidson initiated coverage on shares of Orion Group in a research report on Friday, January 17th. They set a "buy" rating and a $11.00 target price on the stock. StockNews.com downgraded Orion Group from a "buy" rating to a "hold" rating in a research report on Sunday, March 23rd. Finally, B. Riley raised shares of Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th.

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Orion Group Trading Up 2.3 %

NYSE ORN traded up $0.13 on Wednesday, reaching $5.90. The stock had a trading volume of 338,437 shares, compared to its average volume of 452,480. 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 stock has a fifty day moving average price of $6.28 and a two-hundred day moving average price of $6.98. Orion Group Holdings, Inc. has a 12-month low of $4.64 and a 12-month high of $12.12. The firm has a market capitalization of $229.13 million, a price-to-earnings ratio of -14.75, a P/E/G ratio of 1.10 and a beta of 0.81.

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 (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $216.88 million during the quarter, compared to analysts' expectations 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 last year, the business posted $0.08 EPS. As a group, sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

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.