Seros Financial LLC Makes New $723,000 Investment in Orion Group Holdings, Inc. (NYSE:ORN)

Seros Financial LLC bought a new position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 98,615 shares of the construction company's stock, valued at approximately $723,000. Orion Group accounts for about 0.7% of Seros Financial LLC's investment portfolio, making the stock its 26th largest holding. Seros Financial LLC owned about 0.25% of Orion Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Portolan Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 717,533 shares during the period. Dimensional Fund Advisors LP raised its position in Orion Group by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company's stock valued at $17,907,000 after purchasing an additional 46,079 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Orion Group by 12.9% in the 3rd quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company's stock worth $10,096,000 after buying an additional 200,420 shares during the period. Geode Capital Management LLC grew its position in shares of Orion Group by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company's stock worth $3,907,000 after buying an additional 10,098 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Orion Group by 27.3% during the third quarter. State Street Corp now owns 552,152 shares of the construction company's stock valued at $3,186,000 after buying an additional 118,296 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Orion Group Stock Down 3.4 %

Shares of NYSE ORN traded down $0.29 during mid-day trading on Friday, reaching $8.18. 252,694 shares of the company were exchanged, compared to its average volume of 356,306. Orion Group Holdings, Inc. has a 1 year low of $5.23 and a 1 year high of $12.12. The firm has a 50-day moving average of $7.99 and a 200 day moving average of $7.45. The stock has a market cap of $318.21 million, a price-to-earnings ratio of -20.45, a P/E/G ratio of 1.19 and a beta of 0.94. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The business had revenue of $226.68 million during the quarter, compared to analyst estimates of $236.43 million. During the same period in the prior year, the firm posted $0.02 earnings per share. On average, research analysts expect that Orion Group Holdings, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ORN has been the subject of a number of research reports. DA Davidson assumed coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a "buy" rating and a $11.00 price objective for the company. StockNews.com raised shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.

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.