Royce & Associates LP Purchases 200,420 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Royce & Associates LP lifted its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,749,785 shares of the construction company's stock after buying an additional 200,420 shares during the quarter. Royce & Associates LP owned about 4.50% of Orion Group worth $10,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in Orion Group during the 3rd quarter worth about $1,873,000. Bank of New York Mellon Corp acquired a new stake in Orion Group during the second quarter worth approximately $897,000. Dimensional Fund Advisors LP increased its holdings in Orion Group by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company's stock worth $17,907,000 after purchasing an additional 46,079 shares in the last quarter. American Century Companies Inc. lifted its stake in Orion Group by 311.9% in the second quarter. American Century Companies Inc. now owns 453,461 shares of the construction company's stock valued at $4,312,000 after buying an additional 343,368 shares during the period. Finally, Bailard Inc. bought a new position in shares of Orion Group during the 2nd quarter worth approximately $323,000. Institutional investors own 70.25% of the company's stock.

Orion Group Stock Down 2.6 %

Shares of ORN traded down $0.20 during trading hours on Friday, hitting $7.57. The stock had a trading volume of 433,588 shares, compared to its average volume of 499,686. The firm has a 50 day simple moving average of $6.24 and a 200-day simple moving average of $7.85. Orion Group Holdings, Inc. has a 1-year low of $4.09 and a 1-year high of $12.12. 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 firm has a market capitalization of $294.47 million, a P/E ratio of -18.92, a price-to-earnings-growth ratio of 3.19 and a beta of 0.80.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Orion Group

In other Orion Group news, EVP Edward Chipman Earle purchased 15,633 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $6.05 per share, with a total value of $94,579.65. Following the transaction, the executive vice president now owns 86,235 shares in the company, valued at $521,721.75. The trade was a 22.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.30% of the company's stock.

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.