Next Century Growth Investors LLC Has $3.72 Million Holdings in Orion Group Holdings, Inc. $ORN

Key Points

• Next Century Growth Investors LLC increased its stake in Orion Group Holdings, Inc. by 28.8%, owning approximately 1.80% of the company after purchasing an additional 159,008 shares.
• Orion Group shares are currently trading at $7.21, with a market cap of $286.60 million and a 12-month price range between $4.64 and $9.95.
• Recent analyst activity includes a downgrade from a "buy" to a "hold" from both Wall Street Zen and Zacks Research, while B. Riley has maintained a "buy" rating with a target price of $11.50.

Next Century Growth Investors LLC lifted its holdings in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 711,372 shares of the construction company's stock after buying an additional 159,008 shares during the period. Next Century Growth Investors LLC owned about 1.80% of Orion Group worth $3,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ORN. LPL Financial LLC acquired a new stake in shares of Orion Group in the fourth quarter worth $145,000. Wells Fargo & Company MN boosted its position in shares of Orion Group by 50.1% in the fourth quarter. Wells Fargo & Company MN now owns 21,146 shares of the construction company's stock worth $155,000 after buying an additional 7,062 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Orion Group by 16.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company's stock worth $197,000 after buying an additional 3,728 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Orion Group in the fourth quarter worth $88,000. Finally, Barclays PLC boosted its position in shares of Orion Group by 73.7% in the fourth quarter. Barclays PLC now owns 75,665 shares of the construction company's stock worth $554,000 after buying an additional 32,105 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ORN. Zacks Research cut Orion Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Wall Street Zen cut Orion Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, 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 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 stock. According to data from MarketBeat.com, Orion Group presently has a consensus rating of "Moderate Buy" and an average target price of $11.25.

Orion Group Stock Down 1.3%

NYSE ORN traded down $0.10 during trading on Tuesday, hitting $7.30. 139,482 shares of the company traded hands, compared to its average volume of 414,224. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $9.95. The business has a fifty day simple moving average of $8.02 and a 200 day simple moving average of $7.32. The company has a market capitalization of $290.14 million, a P/E ratio of 27.11, a PEG ratio of 14.80 and a beta of 1.12. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.26.

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.