Nuveen Asset Management LLC Acquires 240,757 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Nuveen Asset Management LLC boosted its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 104.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 470,562 shares of the construction company's stock after buying an additional 240,757 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.21% of Orion Group worth $3,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORN. D. E. Shaw & Co. Inc. boosted its stake in shares of Orion Group by 28.3% during the 4th 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 position in shares of Orion Group in the 4th quarter worth about $41,000. SG Americas Securities LLC increased its stake in shares of Orion Group by 43.0% in the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company's stock worth $121,000 after acquiring an additional 4,978 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Orion Group in the 4th quarter worth about $108,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 acquiring an additional 3,528 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Orion Group Stock Up 1.6%

Shares of Orion Group stock traded up $0.14 during trading on Thursday, hitting $8.66. The company's stock had a trading volume of 211,502 shares, compared to its average volume of 456,766. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The company has a fifty day simple moving average of $6.96 and a two-hundred day simple moving average of $7.27. The company has a market capitalization of $342.50 million, a PE ratio of -21.65, 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.

Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, beating 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 company had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Equities research analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Orion Group

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

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.