441,812 Shares in Orion Group Holdings, Inc. $ORN Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired a new stake in Orion Group Holdings, investing approximately $2.31 million for 441,812 shares, representing about 1.12% ownership of the company.
• Several institutional investors, including Nuveen LLC and American Century Companies Inc., have also increased their stakes in Orion Group, contributing to institutional ownership of over 70.25% of the company's stock.
• Analysts have mixed ratings for Orion Group, with a consensus rating of "Moderate Buy" and a target price of $11.25, despite recent downgrades from some firms.

Jacobs Levy Equity Management Inc. purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 441,812 shares of the construction company's stock, valued at approximately $2,311,000. Jacobs Levy Equity Management Inc. owned 1.12% of Orion Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of ORN. D. E. Shaw & Co. Inc. boosted its stake in shares of Orion Group by 28.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 81,260 shares of the construction company's stock valued at $596,000 after purchasing an additional 17,934 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Orion Group during the fourth quarter valued at approximately $41,000. Bank of America Corp DE grew its holdings in Orion Group by 84.4% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Orion Group by 20.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,474 shares of the construction company's stock valued at $150,000 after purchasing an additional 3,528 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in Orion Group by 104.8% in the 4th quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company's stock valued at $3,449,000 after purchasing an additional 240,757 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ORN shares. B. Riley reissued a "buy" rating and set a $11.50 price objective (up previously from $9.00) on shares of Orion Group in a report on Tuesday, June 10th. Zacks Research cut Orion Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Finally, Wall Street Zen lowered Orion Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.25.

Orion Group Stock Performance

NYSE:ORN traded up $0.48 during mid-day trading on Tuesday, hitting $8.02. 1,170,599 shares of the company traded hands, compared to its average volume of 381,101. The stock's fifty day moving average price is $7.65 and its 200-day moving average price is $7.34. Orion Group Holdings, Inc. has a one year low of $4.64 and a one year high of $9.95. The firm has a market cap of $318.71 million, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 15.08 and a beta of 1.12. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.26.

About Orion Group

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.