Russell Investments Group Ltd. Grows Holdings in Orion Group Holdings Inc (NYSE:ORN)

Russell Investments Group Ltd. increased its position in Orion Group Holdings Inc (NYSE:ORN) by 9.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,819,644 shares of the construction company’s stock after buying an additional 432,321 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of Orion Group worth $21,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Alambic Investment Management L.P. purchased a new stake in Orion Group in the 2nd quarter worth approximately $38,000. RBF Capital LLC purchased a new stake in Orion Group in the 2nd quarter worth approximately $1,946,000. Eidelman Virant Capital purchased a new stake in Orion Group in the 2nd quarter worth approximately $80,000. Taylor Cottrill Erickson & Associates Inc. increased its holdings in Orion Group by 19.0% in the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 25,100 shares of the construction company’s stock worth $113,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Boston Partners increased its holdings in Orion Group by 13.9% in the 2nd quarter. Boston Partners now owns 3,192,191 shares of the construction company’s stock worth $8,555,000 after acquiring an additional 389,115 shares in the last quarter. 78.04% of the stock is owned by institutional investors.

ORN stock traded down $0.22 during midday trading on Friday, hitting $5.33. The company’s stock had a trading volume of 234,921 shares, compared to its average volume of 269,708. Orion Group Holdings Inc has a 12 month low of $1.80 and a 12 month high of $5.67. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $160.46 million, a price-to-earnings ratio of -14.41 and a beta of 1.11. The company has a 50 day moving average of $4.48 and a two-hundred day moving average of $3.59.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.11. Orion Group had a negative return on equity of 6.87% and a negative net margin of 16.44%. The business had revenue of $199.51 million during the quarter, compared to the consensus estimate of $161.27 million. On average, analysts anticipate that Orion Group Holdings Inc will post -0.03 earnings per share for the current fiscal year.

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Several research firms recently issued reports on ORN. Noble Financial set a $7.10 target price on shares of Orion Group and gave the stock a “buy” rating in a report on Friday, November 1st. B. Riley increased their target price on shares of Orion Group from $5.00 to $5.75 and gave the stock a “buy” rating in a report on Friday, August 2nd. ValuEngine lowered shares of Orion Group from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded Orion Group from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Saturday, November 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $6.36.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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Institutional Ownership by Quarter for Orion Group (NYSE:ORN)

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