Next Century Growth Investors LLC Grows Position 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 raised its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 28.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 711,372 shares of the construction company's stock after purchasing an additional 159,008 shares during the quarter. Next Century Growth Investors LLC owned about 1.80% of Orion Group worth $3,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its position in shares of Orion Group by 28.3% in the 4th 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 during the period. Lazard Asset Management LLC acquired a new stake in Orion Group during the fourth quarter worth about $41,000. Bank of America Corp DE raised its holdings in shares of Orion Group by 84.4% in the 4th quarter. Bank of America Corp DE now owns 54,493 shares of the construction company's stock worth $399,000 after purchasing an additional 24,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $150,000 after purchasing an additional 3,528 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of 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 in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Price Performance

Shares of ORN stock opened at $7.21 on Thursday. The firm has a fifty day simple moving average of $8.09 and a 200-day simple moving average of $7.36. The company has a market capitalization of $286.60 million, a PE ratio of 26.71, a price-to-earnings-growth ratio of 14.38 and a beta of 1.03. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve 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.

Wall Street Analyst Weigh In

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

Orion Group Company 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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