Bridgeway Capital Management LLC Reduces Stock Position in Orion Group Holdings, Inc. (NYSE:ORN)

Bridgeway Capital Management LLC decreased its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 239,022 shares of the construction company's stock after selling 109,321 shares during the period. Bridgeway Capital Management LLC owned approximately 0.61% of Orion Group worth $1,752,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORN. Brandes Investment Partners LP grew its position in 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 worth $25,143,000 after acquiring an additional 126,696 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Orion Group by 15.6% in the 4th quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company's stock worth $14,833,000 after purchasing an additional 273,760 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Orion Group by 15.0% in the 4th quarter. Geode Capital Management LLC now owns 778,443 shares of the construction company's stock worth $5,707,000 after purchasing an additional 101,526 shares in the last quarter. American Century Companies Inc. increased its position in shares of Orion Group by 9.1% during the 4th quarter. American Century Companies Inc. now owns 676,098 shares of the construction company's stock valued at $4,956,000 after purchasing an additional 56,154 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Orion Group by 76.1% during the 4th quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company's stock valued at $4,944,000 after buying an additional 291,550 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORN has been the subject of a number of recent analyst reports. DA Davidson assumed coverage on shares of Orion Group in a report on Friday, January 17th. They set a "buy" rating and a $11.00 price target for the company. StockNews.com upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Finally, B. Riley upgraded shares of Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th.

Orion Group Stock Up 0.3%

Shares of ORN traded up $0.03 on Thursday, reaching $8.68. The stock had a trading volume of 159,006 shares, compared to its average volume of 458,046. The firm has a market capitalization of $343.33 million, a price-to-earnings ratio of -21.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91. The company has a 50-day simple moving average of $6.07 and a 200-day simple moving average of $7.13. Orion Group Holdings, Inc. has a 12-month low of $4.64 and a 12-month high of $12.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35.

Orion Group (NYSE:ORN - Get Free Report) last released its earnings results on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.12. The firm had revenue of $188.65 million for the quarter, compared to analysts' expectations of $177.33 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. Sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

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.