Goldman Sachs Group Inc. Sells 45,336 Shares of Orion Group Holdings, Inc. $ORN

Goldman Sachs Group Inc. reduced its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 21.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,423 shares of the construction company's stock after selling 45,336 shares during the period. Goldman Sachs Group Inc. owned 0.43% of Orion Group worth $881,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its stake in Orion Group by 28.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 81,260 shares of the construction company's stock worth $596,000 after buying an additional 17,934 shares in the last quarter. Bank of America Corp DE raised its stake in Orion Group by 84.4% in the fourth quarter. Bank of America Corp DE now owns 54,493 shares of the construction company's stock worth $399,000 after buying an additional 24,939 shares in the last quarter. Lazard Asset Management LLC bought a new position in Orion Group in the fourth quarter worth about $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Orion Group by 20.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,474 shares of the construction company's stock worth $150,000 after buying an additional 3,528 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Orion Group by 26.5% in the fourth quarter. Deutsche Bank AG now owns 30,225 shares of the construction company's stock worth $222,000 after buying an additional 6,326 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Orion Group Trading Up 6.5%

Shares of ORN stock opened at $8.60 on Tuesday. Orion Group Holdings, Inc. has a 12-month low of $4.64 and a 12-month high of $9.95. 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's 50 day moving average is $7.62 and its 200 day moving average is $7.40. The stock has a market capitalization of $341.57 million, a P/E ratio of 31.83, a P/E/G ratio of 16.14 and a beta of 1.12.

Analyst Upgrades and Downgrades

ORN has been the subject of a number of analyst reports. Zacks Research downgraded shares of Orion Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. B. Riley reaffirmed a "buy" rating and set a $11.50 target price (up previously from $9.00) on shares of Orion Group in a research note on Tuesday, June 10th. Finally, Wall Street Zen downgraded shares of Orion Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Orion Group currently has an average rating of "Moderate Buy" and a consensus price target of $11.25.

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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