Acuitas Investments LLC Has $3.19 Million Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Acuitas Investments LLC lifted its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 85.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645,248 shares of the construction company’s stock after acquiring an additional 297,525 shares during the quarter. Orion Group makes up approximately 1.6% of Acuitas Investments LLC’s holdings, making the stock its 18th largest holding. Acuitas Investments LLC owned about 1.99% of Orion Group worth $3,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Legato Capital Management LLC raised its position in Orion Group by 521.6% in the 4th quarter. Legato Capital Management LLC now owns 96,417 shares of the construction company’s stock worth $476,000 after purchasing an additional 80,907 shares during the last quarter. Brandes Investment Partners LP raised its position in Orion Group by 3.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,530,178 shares of the construction company’s stock worth $18,922,000 after purchasing an additional 125,778 shares during the last quarter. EAM Investors LLC bought a new position in Orion Group in the 3rd quarter worth approximately $2,305,000. Barclays PLC bought a new position in Orion Group in the 3rd quarter worth approximately $166,000. Finally, Gendell Jeffrey L raised its position in Orion Group by 125.7% in the 3rd quarter. Gendell Jeffrey L now owns 654,811 shares of the construction company’s stock worth $3,510,000 after purchasing an additional 364,680 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Trading Up 4.3 %

Shares of Orion Group stock traded up $0.33 on Wednesday, hitting $7.95. 391,217 shares of the company’s stock traded hands, compared to its average volume of 268,780. The firm’s 50-day moving average price is $7.80 and its two-hundred day moving average price is $6.03. The stock has a market capitalization of $257.90 million, a PE ratio of -14.45, a price-to-earnings-growth ratio of 1.58 and a beta of 0.70. Orion Group Holdings, Inc. has a one year low of $2.34 and a one year high of $9.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.25.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $201.59 million during the quarter, compared to analysts’ expectations of $191.31 million. Orion Group had a negative net margin of 2.51% and a negative return on equity of 9.14%. On average, research analysts expect that Orion Group Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Orion Group

In other news, EVP Edward Chipman Earle acquired 8,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the transaction, the executive vice president now directly owns 69,602 shares in the company, valued at $478,861.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Edward Chipman Earle acquired 8,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the transaction, the executive vice president now directly owns 69,602 shares in the company, valued at $478,861.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Travis J. Boone acquired 12,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $7.01 per share, with a total value of $84,120.00. Following the transaction, the chief executive officer now owns 402,557 shares in the company, valued at $2,821,924.57. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 22,430 shares of company stock worth $156,340. Insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ORN. B. Riley restated a “buy” rating and issued a $9.50 price objective (up previously from $6.25) on shares of Orion Group in a research report on Thursday, March 14th. StockNews.com cut shares of Orion Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th.

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.