Cubist Systematic Strategies LLC Boosts Position in Orion Group Holdings, Inc. (NYSE:ORN)

Cubist Systematic Strategies LLC lifted its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 47.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,436 shares of the construction company's stock after purchasing an additional 41,186 shares during the quarter. Cubist Systematic Strategies LLC owned 0.33% of Orion Group worth $934,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORN. Heck Capital Advisors LLC bought a new stake in Orion Group during the fourth quarter worth $49,000. Quarry LP bought a new stake in Orion Group during the fourth quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Orion Group by 1,936.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock worth $69,000 after buying an additional 8,965 shares in the last quarter. Perritt Capital Management Inc bought a new stake in Orion Group during the fourth quarter worth $73,000. Finally, Aigen Investment Management LP bought a new stake in Orion Group during the fourth quarter worth $80,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORN. StockNews.com upgraded Orion Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. B. Riley raised shares of Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th.

Insider Transactions at Orion Group

In related news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $8.67, for a total value of $260,100.00. Following the completion of the transaction, the director now directly owns 419,215 shares in the company, valued at approximately $3,634,594.05. The trade was a 6.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.90% of the company's stock.

Orion Group Stock Performance

Shares of NYSE:ORN traded down $0.08 during mid-day trading on Tuesday, reaching $8.62. The company had a trading volume of 71,819 shares, compared to its average volume of 459,340. The company's 50-day moving average price is $6.26 and its 200-day moving average price is $7.21. Orion Group Holdings, Inc. has a one year low of $4.64 and a one year high of $12.12. The firm has a market cap of $340.76 million, a price-to-earnings ratio of -21.52, a PEG ratio of 1.10 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

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