Harbor Capital Advisors Inc. Reduces Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Harbor Capital Advisors Inc. lessened its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 70.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,289 shares of the construction company's stock after selling 228,245 shares during the quarter. Harbor Capital Advisors Inc. owned 0.25% of Orion Group worth $706,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ORN. Portolan Capital Management LLC boosted its position in Orion Group by 56.6% in the third quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company's stock valued at $11,455,000 after buying an additional 717,533 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Orion Group by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company's stock worth $17,907,000 after acquiring an additional 46,079 shares during the period. Royce & Associates LP raised its position in Orion Group by 12.9% during the third quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company's stock valued at $10,096,000 after acquiring an additional 200,420 shares in the last quarter. Geode Capital Management LLC raised its position in Orion Group by 1.5% during the third quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company's stock valued at $3,907,000 after acquiring an additional 10,098 shares in the last quarter. Finally, State Street Corp boosted its position in Orion Group by 27.3% in the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company's stock worth $3,186,000 after purchasing an additional 118,296 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Price Performance

NYSE ORN traded up $0.21 on Tuesday, hitting $7.07. The company had a trading volume of 149,867 shares, compared to its average volume of 278,990. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The company's fifty day moving average price is $7.99 and its 200-day moving average price is $7.49. The company has a market capitalization of $275.03 million, a PE ratio of -17.67, a PEG ratio of 3.44 and a beta of 0.94. Orion Group Holdings, Inc. has a 12-month low of $4.83 and a 12-month high of $12.12.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.

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.