WINTON GROUP Ltd boosted its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 236.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 128,259 shares of the construction company's stock after purchasing an additional 90,148 shares during the period. WINTON GROUP Ltd owned about 0.33% of Orion Group worth $940,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brandes Investment Partners LP grew its stake in shares of Orion Group by 3.8% in the fourth quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company's stock valued at $25,143,000 after buying an additional 126,696 shares in the last quarter. Royce & Associates LP grew its position in Orion Group by 15.6% in the 4th quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company's stock valued at $14,833,000 after acquiring an additional 273,760 shares in the last quarter. Portolan Capital Management LLC grew its position in Orion Group by 56.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company's stock valued at $11,455,000 after acquiring an additional 717,533 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $3,907,000 after purchasing an additional 10,098 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Orion Group by 9.1% during the fourth quarter. American Century Companies Inc. now owns 676,098 shares of the construction company's stock worth $4,956,000 after purchasing an additional 56,154 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. B. Riley upgraded shares of Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com lowered Orion Group from a "buy" rating to a "hold" rating in a research report on Sunday, March 23rd. Finally, DA Davidson began coverage on Orion Group in a research note on Friday, January 17th. They issued a "buy" rating and a $11.00 price objective on the stock.
Read Our Latest Stock Analysis on Orion Group
Orion Group Stock Up 2.4 %
NYSE:ORN traded up $0.13 during mid-day trading on Wednesday, hitting $5.45. The stock had a trading volume of 195,092 shares, compared to its average volume of 451,759. Orion Group Holdings, Inc. has a twelve month low of $4.85 and a twelve month high of $12.12. The stock has a 50-day simple moving average of $6.89 and a two-hundred day simple moving average of $7.05. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $212.50 million, a PE ratio of -13.62, a PEG ratio of 1.10 and a beta of 0.93.
Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The business had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same period last year, the business earned $0.08 EPS. On average, equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.
About Orion Group
(
Free Report)
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.
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