Acuitas Investments LLC Has $4.61 Million Stock Holdings in Orion Group Holdings, Inc. $ORN

Acuitas Investments LLC raised its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 508,132 shares of the construction company's stock after purchasing an additional 66,751 shares during the period. Orion Group accounts for approximately 3.7% of Acuitas Investments LLC's holdings, making the stock its 7th biggest holding. Acuitas Investments LLC owned about 1.28% of Orion Group worth $4,609,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. CWM LLC lifted its holdings in Orion Group by 303.5% in the first quarter. CWM LLC now owns 8,579 shares of the construction company's stock valued at $45,000 after buying an additional 6,453 shares during the period. Quantbot Technologies LP lifted its stake in shares of Orion Group by 66.5% in the 1st quarter. Quantbot Technologies LP now owns 14,483 shares of the construction company's stock valued at $76,000 after purchasing an additional 5,785 shares during the period. Walleye Capital LLC acquired a new position in shares of Orion Group in the 1st quarter valued at $79,000. SCS Capital Management LLC bought a new position in shares of Orion Group in the 1st quarter worth $89,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Orion Group during the first quarter worth $97,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ORN shares. Wall Street Zen cut shares of Orion Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings restated a "hold (c)" rating on shares of Orion Group in a report on Wednesday, October 8th. Finally, Zacks Research lowered Orion Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Orion Group currently has an average rating of "Moderate Buy" and an average price target of $11.25.

Orion Group Trading Up 2.0%

NYSE ORN opened at $8.59 on Friday. The stock's 50-day moving average is $7.92 and its 200-day moving average is $7.86. Orion Group Holdings, Inc. has a one year low of $4.64 and a one year high of $9.95. The firm has a market cap of $341.32 million, a P/E ratio of 31.81, a P/E/G ratio of 16.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.38 and a quick ratio of 1.37.

Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Wednesday, September 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter. Orion Group had a net margin of 1.25% and a return on equity of 9.23%. The firm had revenue of $194.58 million during the quarter. Sell-side analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share 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.

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