Orion Group Holdings, Inc. (NYSE:ORN) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 47.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 127,436 shares of the construction company's stock after buying an additional 41,186 shares during the period. Cubist Systematic Strategies LLC owned 0.33% of Orion Group worth $934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in Orion Group during the fourth quarter valued at approximately $49,000. Quarry LP purchased a new position in shares of Orion Group in the 4th quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Orion Group by 1,936.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock valued at $69,000 after acquiring an additional 8,965 shares in the last quarter. Perritt Capital Management Inc purchased a new stake in Orion Group during the 4th quarter worth $73,000. Finally, Aigen Investment Management LP acquired a new stake in Orion Group in the 4th quarter valued at $80,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Stock Down 0.4%

Shares of ORN stock traded down $0.04 on Friday, hitting $8.67. The stock had a trading volume of 590,246 shares, compared to its average volume of 461,198. The stock's 50 day moving average is $6.20 and its 200-day moving average is $7.18. The firm has a market capitalization of $343.01 million, a price-to-earnings ratio of -21.68, a P/E/G ratio of 1.10 and a beta of 0.91. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week 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 posted 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 firm had revenue of $188.65 million for the quarter, compared to analysts' expectations 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, research analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com upgraded Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. B. Riley upgraded Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th.

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.