Wellington Management Group LLP Trims Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Wellington Management Group LLP lowered its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,400 shares of the construction company's stock after selling 58,300 shares during the period. Wellington Management Group LLP owned about 0.88% of Orion Group worth $2,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted 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 buying an additional 118,296 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Orion Group by 930.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company's stock worth $776,000 after acquiring an additional 121,507 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Orion Group by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company's stock valued at $3,907,000 after purchasing an additional 10,098 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Orion Group by 41.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 45,134 shares of the construction company's stock valued at $260,000 after purchasing an additional 13,253 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Orion Group by 43.0% in the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company's stock worth $121,000 after purchasing an additional 4,978 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on ORN. DA Davidson began coverage on Orion Group in a research note on Friday, January 17th. They set a "buy" rating and a $11.00 price objective on the stock. B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, StockNews.com downgraded Orion Group from a "buy" rating to a "hold" rating in a research report on Sunday, March 23rd.

Orion Group Trading Up 0.5 %

NYSE ORN traded up $0.03 on Wednesday, hitting $5.80. The company's stock had a trading volume of 176,166 shares, compared to its average volume of 451,891. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week high of $12.12. The firm has a market cap of $225.24 million, a P/E ratio of -14.50, a PEG ratio of 1.10 and a beta of 0.81. The company's 50-day simple moving average is $6.28 and its 200 day simple moving average is $6.98.

Orion Group (NYSE:ORN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The business had revenue of $216.88 million during the quarter, compared to analyst estimates of $271.70 million. During the same period in the prior year, the business earned $0.08 EPS. Research analysts predict that Orion Group Holdings, Inc. will post 0.06 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.