CenterBook Partners LP Grows Stock Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

CenterBook Partners LP increased its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 12.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,486 shares of the construction company's stock after acquiring an additional 77,900 shares during the quarter. CenterBook Partners LP owned about 1.82% of Orion Group worth $3,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORN. Hillsdale Investment Management Inc. acquired a new stake in Orion Group during the 4th quarter worth $2,907,000. Ancora Advisors LLC raised its stake in Orion Group by 76.1% during the 4th quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company's stock worth $4,944,000 after acquiring an additional 291,550 shares in the last quarter. Royce & Associates LP raised its stake in Orion Group by 15.6% during the 4th quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company's stock worth $14,833,000 after acquiring an additional 273,760 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Orion Group by 104.8% during the 4th quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company's stock worth $3,449,000 after acquiring an additional 240,757 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Orion Group by 112.2% during the 4th quarter. JPMorgan Chase & Co. now owns 285,566 shares of the construction company's stock worth $2,093,000 after acquiring an additional 150,996 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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 reissued 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.

Insider Buying and Selling at Orion Group

In related news, Director Austin J. Shanfelter sold 30,000 shares of the business'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 owned 419,215 shares of the company's stock, valued at approximately $3,634,594.05. The trade was a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.90% of the stock is currently owned by insiders.

Orion Group Stock Performance

Shares of NYSE:ORN traded down $0.28 during midday trading on Friday, hitting $8.35. The stock had a trading volume of 326,089 shares, compared to its average volume of 400,015. The company has a market capitalization of $330.24 million, a PE ratio of 167.03, a P/E/G ratio of 34.56 and a beta of 1.00. The stock has a 50 day moving average price of $8.66 and a two-hundred day moving average price of $7.39. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.21. Orion Group Holdings, Inc. has a 1 year low of $4.64 and a 1 year high of $12.12.

Orion Group (NYSE:ORN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.12. The business had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Orion Group had a net margin of 0.36% and a return on equity of 5.12%. As a group, equities analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

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.