American Century Companies Inc. Boosts Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

American Century Companies Inc. lifted its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 311.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 453,461 shares of the construction company's stock after purchasing an additional 343,368 shares during the quarter. American Century Companies Inc. owned about 1.38% of Orion Group worth $4,312,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in Orion Group in the first quarter valued at approximately $41,000. Jump Financial LLC acquired a new stake in Orion Group in the fourth quarter valued at approximately $82,000. Oppenheimer Asset Management Inc. acquired a new stake in Orion Group in the first quarter valued at approximately $83,000. Valmark Advisers Inc. acquired a new stake in Orion Group in the second quarter valued at approximately $107,000. Finally, Quadrature Capital Ltd acquired a new stake in Orion Group in the first quarter valued at approximately $197,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Orion Group Stock Up 4.8 %

ORN stock traded up $0.25 during midday trading on Thursday, reaching $5.50. 1,056,517 shares of the company were exchanged, compared to its average volume of 410,685. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.32 and a current ratio of 1.33. Orion Group Holdings, Inc. has a 1-year low of $4.09 and a 1-year high of $12.12. The stock's 50-day simple moving average is $7.46 and its 200 day simple moving average is $8.36. The company has a market cap of $180.71 million, a price-to-earnings ratio of -15.57, a price-to-earnings-growth ratio of 8.03 and a beta of 0.83.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.19). Orion Group had a negative return on equity of 4.81% and a negative net margin of 2.45%. The company had revenue of $192.17 million for the quarter, compared to analyst estimates of $194.83 million. During the same period in the previous year, the business posted ($0.14) EPS. On average, equities analysts forecast that Orion Group Holdings, Inc. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley raised their target price on shares of Orion Group from $9.50 to $12.50 and gave the company a "buy" rating in a report on Tuesday, June 4th.

Insiders Place Their Bets

In related news, EVP Edward Chipman Earle acquired 15,633 shares of the business's stock in a transaction on Friday, September 13th. The shares were bought at an average price of $6.05 per share, with a total value of $94,579.65. Following the completion of the acquisition, the executive vice president now owns 86,235 shares in the company, valued at $521,721.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Orion Group news, EVP Edward Chipman Earle bought 15,633 shares of the stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the transaction, the executive vice president now owns 86,235 shares in the company, valued at approximately $521,721.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary E. Sullivan bought 10,000 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $6.80 per share, for a total transaction of $68,000.00. Following the completion of the transaction, the director now owns 256,187 shares of the company's stock, valued at approximately $1,742,071.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 33,953 shares of company stock valued at $216,658. 7.30% of the stock is owned by corporate insiders.

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.