Orion Group Holdings, Inc. $ORN Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Orion Group Holdings, Inc. by 30.7%, owning approximately 1.73% of the company after purchasing an additional 160,861 shares.
• Several other institutional investors, including MIRAE ASSET GLOBAL and Envestnet Asset Management, also raised their holdings in Orion Group, contributing to the total of 70.25% of shares owned by hedge funds and institutional investors.
• Analyst ratings for Orion Group have seen mixed changes, with some firms downgrading the stock from "buy" to "hold," while B. Riley has set a price target of $11.50, indicating potential for growth.

Russell Investments Group Ltd. increased its position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 30.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 684,527 shares of the construction company's stock after buying an additional 160,861 shares during the period. Russell Investments Group Ltd. owned about 1.73% of Orion Group worth $3,580,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in Orion Group in the fourth quarter worth about $41,000. Heck Capital Advisors LLC acquired a new stake in Orion Group in the fourth quarter worth about $49,000. Quarry LP acquired a new stake in Orion Group in the fourth quarter worth about $52,000. CWM LLC lifted its holdings in shares of Orion Group by 303.5% during the first quarter. CWM LLC now owns 8,579 shares of the construction company's stock worth $45,000 after purchasing an additional 6,453 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of Orion Group during the fourth quarter worth about $75,000. Institutional investors own 70.25% of the company's stock.

Orion Group Trading Down 2.3%

Shares of Orion Group stock traded down $0.18 during trading hours on Friday, hitting $7.44. The company's stock had a trading volume of 666,629 shares, compared to its average volume of 431,659. The firm has a fifty day moving average of $8.04 and a 200-day moving average of $7.34. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $9.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.37 and a current ratio of 1.38. The stock has a market cap of $295.75 million, a price-to-earnings ratio of 27.56, a P/E/G ratio of 15.24 and a beta of 1.03.

Analysts Set New Price Targets

A number of research analysts have issued reports on ORN shares. Zacks Research downgraded Orion Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. B. Riley reissued a "buy" rating and issued a $11.50 price target (up from $9.00) on shares of Orion Group in a report on Tuesday, June 10th. Finally, Wall Street Zen cut Orion Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.25.

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.