Jacobs Levy Equity Management Inc. Purchases Shares of 441,812 Orion Group Holdings, Inc. $ORN

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. bought a new position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 441,812 shares of the construction company's stock, valued at approximately $2,311,000. Jacobs Levy Equity Management Inc. owned approximately 1.12% of Orion Group at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Orion Group by 28.4% in the first quarter. American Century Companies Inc. now owns 868,327 shares of the construction company's stock worth $4,541,000 after acquiring an additional 192,229 shares in the last quarter. Invesco Ltd. increased its position in shares of Orion Group by 6.1% in the first quarter. Invesco Ltd. now owns 742,770 shares of the construction company's stock worth $3,885,000 after acquiring an additional 42,392 shares in the last quarter. CenterBook Partners LP increased its position in shares of Orion Group by 12.2% in the first quarter. CenterBook Partners LP now owns 718,486 shares of the construction company's stock worth $3,758,000 after acquiring an additional 77,900 shares in the last quarter. Next Century Growth Investors LLC increased its position in shares of Orion Group by 28.8% in the first quarter. Next Century Growth Investors LLC now owns 711,372 shares of the construction company's stock worth $3,720,000 after acquiring an additional 159,008 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Orion Group by 30.7% in the first quarter. Russell Investments Group Ltd. now owns 684,527 shares of the construction company's stock worth $3,580,000 after acquiring an additional 160,861 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Orion Group Stock Performance

Shares of Orion Group stock traded down $0.16 on Friday, reaching $7.52. The stock had a trading volume of 187,809 shares, compared to its average volume of 330,034. The business's 50-day moving average price is $7.70 and its two-hundred day moving average price is $7.33. 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 fifty-two week low of $4.64 and a fifty-two week high of $9.95. The stock has a market cap of $298.84 million, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 15.36 and a beta of 1.12.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ORN shares. Zacks Research downgraded shares of Orion Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Wall Street Zen downgraded shares of Orion Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, B. Riley reaffirmed a "buy" rating and set a $11.50 price objective (up from $9.00) on shares of Orion Group in a research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

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.