Ancora Advisors LLC Has $3.13 Million Position in Orion Group Holdings, Inc. $ORN

Key Points

• Ancora Advisors LLC reduced its position in Orion Group Holdings, Inc. by 11.3%, holding 598,001 shares valued at approximately $3.13 million at the end of the first quarter.
• Institutional investors now own 70.25% of Orion Group's stock, with other firms also recently acquiring new stakes in the company.
• Brokerages have downgraded Orion Group's shares, with Zacks Research changing its rating from "strong-buy" to "hold" and B. Riley setting a target price of $11.50.

Ancora Advisors LLC lowered its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 11.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 598,001 shares of the construction company's stock after selling 76,553 shares during the period. Ancora Advisors LLC owned 1.51% of Orion Group worth $3,128,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORN. Lazard Asset Management LLC bought a new stake in Orion Group during the fourth quarter worth approximately $41,000. CWM LLC boosted its position in Orion Group by 303.5% during the first quarter. CWM LLC now owns 8,579 shares of the construction company's stock worth $45,000 after purchasing an additional 6,453 shares during the period. Heck Capital Advisors LLC bought a new stake in Orion Group during the fourth quarter worth approximately $49,000. Petros Family Wealth LLC bought a new stake in Orion Group during the first quarter worth approximately $68,000. Finally, OLD National Bancorp IN bought a new stake in Orion Group during the first quarter worth approximately $73,000. Institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ORN. Zacks Research downgraded shares of Orion Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Wall Street Zen lowered shares of Orion Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, B. Riley restated a "buy" rating and issued a $11.50 price target (up from $9.00) on shares of Orion Group in a research report on Tuesday, June 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

Orion Group Stock Down 1.8%

Shares of ORN stock opened at $7.23 on Thursday. The stock has a market cap of $287.16 million, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 14.80 and a beta of 1.12. Orion Group Holdings, Inc. has a one year low of $4.64 and a one year high of $9.95. The stock has a fifty day moving average price of $7.94 and a 200 day moving average price of $7.32. 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 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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