Orion Group Holdings, Inc. (NYSE:ORN) Shares Purchased by Acuitas Investments LLC

Acuitas Investments LLC boosted its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 22.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,381 shares of the construction company's stock after acquiring an additional 81,923 shares during the quarter. Orion Group accounts for about 2.0% of Acuitas Investments LLC's holdings, making the stock its 25th biggest holding. Acuitas Investments LLC owned 1.14% of Orion Group worth $2,308,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Orion Group by 6.5% in the 4th quarter. Rhumbline Advisers now owns 36,138 shares of the construction company's stock valued at $265,000 after purchasing an additional 2,198 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Orion Group by 4.9% in the fourth quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company's stock valued at $540,000 after buying an additional 3,432 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Orion Group in the fourth quarter valued at $199,000. Oppenheimer Asset Management Inc. acquired a new stake in Orion Group in the fourth quarter valued at $108,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Orion Group by 16.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 103,845 shares of the construction company's stock worth $761,000 after buying an additional 14,880 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Orion Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. B. Riley reaffirmed a "buy" rating and issued a $11.50 price target (up from $9.00) on shares of Orion Group in a report on Tuesday, June 10th.

Orion Group Stock Up 6.2%

Shares of NYSE ORN traded up $0.57 during mid-day trading on Friday, reaching $9.64. The company had a trading volume of 440,877 shares, compared to its average volume of 429,563. The firm has a 50 day simple moving average of $8.35 and a two-hundred day simple moving average of $7.33. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week high of $12.12. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.21. The stock has a market cap of $381.06 million, a P/E ratio of 192.74, a PEG ratio of 38.40 and a beta of 1.00.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $177.33 million. Orion Group had a net margin of 0.36% and a return on equity of 5.12%. Sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Insider Buying and Selling at Orion Group

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

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.