Graham Capital Management L.P. Takes $220,000 Position in Orion Group Holdings, Inc. (NYSE:ORN)

Graham Capital Management L.P. bought a new position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,001 shares of the construction company's stock, valued at approximately $220,000. Graham Capital Management L.P. owned about 0.08% of Orion Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brandes Investment Partners LP lifted its holdings in shares of Orion Group by 3.8% in the fourth quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company's stock worth $25,143,000 after acquiring an additional 126,696 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Orion Group by 15.6% in the fourth quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company's stock worth $14,833,000 after acquiring an additional 273,760 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Orion Group by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 778,443 shares of the construction company's stock worth $5,707,000 after acquiring an additional 101,526 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Orion Group by 9.1% in the fourth quarter. American Century Companies Inc. now owns 676,098 shares of the construction company's stock worth $4,956,000 after acquiring an additional 56,154 shares during the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of Orion Group by 76.1% in the fourth quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company's stock worth $4,944,000 after acquiring an additional 291,550 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ORN shares. Wall Street Zen upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. B. Riley upgraded shares of Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th.

Orion Group Trading Up 1.3%

NYSE ORN traded up $0.10 during trading hours on Friday, reaching $8.11. The company's stock had a trading volume of 239,668 shares, compared to its average volume of 464,328. The firm has a fifty day simple moving average of $6.48 and a 200-day simple moving average of $7.24. The stock has a market cap of $320.82 million, a P/E ratio of -20.28, a P/E/G ratio of 1.10 and a beta of 0.91. Orion Group Holdings, Inc. has a 52 week low of $4.64 and a 52 week high of $12.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.12. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The firm had revenue of $188.65 million during the quarter, compared to analyst estimates of $177.33 million. Equities analysts forecast that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group stock in a transaction on Friday, May 16th. The shares were sold at an average price of $8.67, for a total value of $260,100.00. Following the completion of the sale, the director now owns 419,215 shares in the company, valued at $3,634,594.05. The trade was a 6.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.90% of the company's stock.

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.