Ardsley Advisory Partners LP Purchases 50,000 Shares of Orion Group Holdings, Inc. $ORN

Key Points

• Ardsley Advisory Partners LP increased its stake in Orion Group Holdings by 25.0%, owning 250,000 shares valued at approximately $1.3 million as of the latest SEC filing.
• Other institutional investors, including American Century Companies Inc. and Next Century Growth Investors LLC, also raised their stakes, reflecting growing interest in Orion Group Holdings.
• Analysts have mixed ratings for Orion Group, with a consensus "Moderate Buy" and a price target set at $11.25, despite recent downgrades from firms like Zacks Research and Wall Street Zen.

Ardsley Advisory Partners LP boosted its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 25.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,000 shares of the construction company's stock after purchasing an additional 50,000 shares during the quarter. Ardsley Advisory Partners LP owned about 0.63% of Orion Group worth $1,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORN. Wells Fargo & Company MN increased its holdings in Orion Group by 50.1% in the fourth 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 during the last quarter. Envestnet Asset Management Inc. increased its holdings in Orion Group by 16.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company's stock valued at $197,000 after purchasing an additional 3,728 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Orion Group in the fourth quarter valued at about $88,000. Barclays PLC increased its holdings in Orion Group by 73.7% in the fourth quarter. Barclays PLC now owns 75,665 shares of the construction company's stock valued at $554,000 after purchasing an additional 32,105 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of Orion Group in the fourth quarter worth about $165,000. Institutional investors own 70.25% of the company's stock.

Analysts Set New Price Targets

ORN has been the subject of several recent analyst reports. Zacks Research downgraded Orion Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Wall Street Zen downgraded Orion Group from a "buy" rating to a "hold" rating in a 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 report on Tuesday, June 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Orion Group currently has an average rating of "Moderate Buy" and a consensus target price of $11.25.

Orion Group Stock Down 1.2%

NYSE ORN traded down $0.09 during trading on Friday, hitting $7.55. The stock had a trading volume of 299,590 shares, compared to its average volume of 362,120. The company has a market capitalization of $300.04 million, a PE ratio of 27.96, a P/E/G ratio of 15.16 and a beta of 1.12. The company's 50-day moving average price is $7.88 and its two-hundred day moving average price is $7.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.37 and a current ratio of 1.38. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $9.95.

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.