American Century Companies Inc. Has $4.54 Million Stake in Orion Group Holdings, Inc. $ORN

Key Points

• American Century Companies Inc. has increased its stake in Orion Group Holdings, acquiring an additional 192,229 shares to own a total of 868,327 shares, valued at approximately $4.54 million.
• Analysts have mixed views on Orion Group, with a recent report from B. Riley setting a new $11.50 target price, while Zacks Research downgraded the stock from "strong-buy" to "hold."
• As of the latest trading data, Orion Group shares are priced at $7.44, which reflects a 52-week range between $4.64 and $9.95.

American Century Companies Inc. raised its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 28.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 868,327 shares of the construction company's stock after purchasing an additional 192,229 shares during the quarter. American Century Companies Inc. owned 2.20% of Orion Group worth $4,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ORN. Wells Fargo & Company MN raised its holdings in shares of Orion Group by 50.1% in the 4th quarter. Wells Fargo & Company MN now owns 21,146 shares of the construction company's stock valued at $155,000 after purchasing an additional 7,062 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Orion Group by 16.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company's stock valued at $197,000 after acquiring an additional 3,728 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Orion Group during the fourth quarter worth $88,000. Barclays PLC raised its position in Orion Group by 73.7% during the fourth quarter. Barclays PLC now owns 75,665 shares of the construction company's stock worth $554,000 after acquiring an additional 32,105 shares during the period. Finally, Mariner LLC acquired a new stake in shares of Orion Group in the fourth quarter valued at about $165,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORN has been the subject of several recent analyst reports. Zacks Research cut shares of Orion Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Wall Street Zen cut shares of Orion Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, B. Riley reaffirmed a "buy" rating and issued a $11.50 target price (up from $9.00) on shares of Orion Group in a report on Tuesday, June 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.25.

Orion Group Stock Down 2.3%

NYSE ORN traded down $0.18 during trading on Monday, reaching $7.44. 666,629 shares of the company's stock were exchanged, compared to its average volume of 425,739. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $9.95. The company's fifty day simple moving average is $8.02 and its 200-day simple moving average is $7.32. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $295.75 million, a PE ratio of 27.56, a P/E/G ratio of 14.80 and a beta of 1.12.

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.