Acuitas Investments LLC Purchases 81,923 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Acuitas Investments LLC grew its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 22.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 441,381 shares of the construction company's stock after purchasing an additional 81,923 shares during the period. Orion Group makes up 2.0% of Acuitas Investments LLC's investment portfolio, making the stock its 25th biggest holding. Acuitas Investments LLC owned about 1.14% of Orion Group worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in Orion Group in the 4th quarter valued at $41,000. Heck Capital Advisors LLC bought a new position in shares of Orion Group in the fourth quarter valued at $49,000. Quarry LP acquired a new position in shares of Orion Group during the fourth quarter valued at about $52,000. Petros Family Wealth LLC acquired a new position in shares of Orion Group during the first quarter valued at about $68,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Orion Group during the fourth quarter worth about $73,000. Institutional investors own 70.25% of the company's stock.

Orion Group Stock Up 5.8%

ORN traded up $0.53 during mid-day trading on Thursday, reaching $9.60. 376,413 shares of the stock were exchanged, compared to its average volume of 430,027. Orion Group Holdings, Inc. has a 1 year low of $4.64 and a 1 year high of $12.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.37 and a current ratio of 1.38. The stock has a market capitalization of $379.68 million, a PE ratio of 192.04, a price-to-earnings-growth ratio of 35.92 and a beta of 1.00. The company has a 50 day moving average price of $8.21 and a two-hundred day moving average price of $7.31.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.12. The business had revenue of $188.65 million for the quarter, compared to analysts' expectations of $177.33 million. Orion Group had a net margin of 0.36% and a return on equity of 5.12%. As a group, research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Insider Buying and Selling at Orion Group

In other news, Director Austin J. Shanfelter sold 30,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $8.67, for a total value of $260,100.00. Following the completion of the transaction, the director directly owned 419,215 shares of the company's stock, valued at $3,634,594.05. This represents a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ORN shares. Wall Street Zen raised shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. B. Riley reissued a "buy" rating and issued a $11.50 price objective (up from $9.00) on shares of Orion Group in a research note on Tuesday, June 10th.

About Orion Group

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.