Brandes Investment Partners LP Sells 256,509 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Brandes Investment Partners LP cut its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,753,099 shares of the construction company's stock after selling 256,509 shares during the period. Brandes Investment Partners LP owned 8.38% of Orion Group worth $26,244,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Orion Group in the 1st quarter valued at about $41,000. Oppenheimer Asset Management Inc. acquired a new stake in Orion Group during the 1st quarter worth approximately $83,000. Valmark Advisers Inc. bought a new stake in Orion Group in the 2nd quarter valued at $107,000. The Manufacturers Life Insurance Company bought a new stake in Orion Group in the 2nd quarter valued at $115,000. Finally, Quadrature Capital Ltd bought a new position in Orion Group during the 1st quarter worth $197,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Orion Group

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

Orion Group Price Performance

Shares of ORN stock traded up $0.07 during trading on Monday, hitting $5.76. The company had a trading volume of 984,365 shares, compared to its average volume of 413,813. The firm has a market capitalization of $189.25 million, a P/E ratio of -16.46, a price-to-earnings-growth ratio of 7.44 and a beta of 0.83. Orion Group Holdings, Inc. has a one year low of $4.09 and a one year high of $12.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.32 and a current ratio of 1.33. The stock's 50-day moving average price is $7.12 and its 200 day moving average price is $8.30.

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

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.