Bridgeway Capital Management LLC Sells 109,321 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Bridgeway Capital Management LLC lessened its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 31.4% in the 4th quarter, according to the company in 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 about 0.61% of Orion Group worth $1,752,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Brandes Investment Partners LP lifted 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 during the period. Royce & Associates LP lifted its stake in Orion Group by 15.6% during the fourth 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 during the period. Geode Capital Management LLC lifted its stake in Orion Group by 15.0% during the fourth 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 during the period. American Century Companies Inc. lifted its stake in 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 during the period. Finally, Ancora Advisors LLC lifted its stake in Orion Group by 76.1% during the fourth quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company's stock worth $4,944,000 after purchasing an additional 291,550 shares during the period. Institutional investors own 70.25% of the company's stock.

Orion Group Trading Up 4.1%

ORN traded up $0.33 during trading on Tuesday, reaching $8.45. 759,948 shares of the company's stock were exchanged, compared to its average volume of 458,976. The company's fifty day moving average price is $5.96 and its 200-day moving average price is $7.11. 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 Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $12.12. The firm has a market capitalization of $334.23 million, a PE ratio of -21.12, a P/E/G ratio of 1.10 and a beta of 0.91.

Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.12. The company had revenue of $188.65 million during the quarter, compared to analyst estimates of $177.33 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. As a group, equities analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ORN shares. StockNews.com upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. B. Riley upgraded shares of Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, DA Davidson began coverage on shares of Orion Group in a research note on Friday, January 17th. They set a "buy" rating and a $11.00 price target for the company.

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.