Wellington Management Group LLP Takes $2.32 Million Position in Orion Group Holdings, Inc. (NYSE:ORN)

Wellington Management Group LLP purchased a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 401,700 shares of the construction company's stock, valued at approximately $2,318,000. Wellington Management Group LLP owned about 1.03% of Orion Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. GDS Wealth Management lifted its stake in Orion Group by 8.4% in the 2nd quarter. GDS Wealth Management now owns 51,338 shares of the construction company's stock valued at $488,000 after purchasing an additional 4,000 shares during the last quarter. Atria Investments Inc lifted its position in shares of Orion Group by 14.6% in the third quarter. Atria Investments Inc now owns 49,298 shares of the construction company's stock valued at $284,000 after buying an additional 6,285 shares during the last quarter. Northeast Financial Consultants Inc boosted its stake in shares of Orion Group by 7.9% during the 2nd quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company's stock worth $1,389,000 after acquiring an additional 10,695 shares during the period. Intech Investment Management LLC acquired a new position in shares of Orion Group during the 3rd quarter worth approximately $63,000. Finally, Valmark Advisers Inc. bought a new stake in Orion Group in the 2nd quarter valued at $107,000. 70.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Orion Group Stock Performance

Orion Group stock traded up $0.09 during midday trading on Thursday, hitting $7.63. The company's stock had a trading volume of 393,595 shares, compared to its average volume of 412,896. The company has a 50-day moving average price of $7.41 and a two-hundred day moving average price of $7.81. Orion Group Holdings, Inc. has a 1-year low of $4.41 and a 1-year high of $12.12. The company has a market cap of $296.81 million, a price-to-earnings ratio of -19.07, a PEG ratio of 3.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

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.