Trexquant Investment LP Invests $239,000 in Orion Group Holdings, Inc. $ORN

Key Points

• Trexquant Investment LP has invested approximately $239,000 in Orion Group Holdings, purchasing 45,751 shares during the first quarter, representing a 0.12% stake in the company.
• Orion Group's stock is currently trading at $7.20, with a market capitalization of $285.97 million and a price range over the past year between $4.64 and $9.95.
• Analysts have mixed opinions on Orion Group, with two rating it a Buy and one a Hold, and a recent price target increase to $11.50 from B. Riley.

Trexquant Investment LP acquired a new position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,751 shares of the construction company's stock, valued at approximately $239,000. Trexquant Investment LP owned approximately 0.12% of Orion Group at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORN. Next Century Growth Investors LLC lifted its position in Orion Group by 28.8% during the 1st quarter. Next Century Growth Investors LLC now owns 711,372 shares of the construction company's stock worth $3,720,000 after acquiring an additional 159,008 shares during the period. Ieq Capital LLC acquired a new stake in Orion Group during the 1st quarter worth about $100,000. Walleye Capital LLC acquired a new stake in Orion Group during the 1st quarter worth about $79,000. Martingale Asset Management L P acquired a new position in shares of Orion Group in the 1st quarter valued at about $97,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Orion Group by 8.8% in the 1st quarter. Hsbc Holdings PLC now owns 19,631 shares of the construction company's stock valued at $102,000 after buying an additional 1,588 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.

Orion Group Stock Down 2.1%

Orion Group stock traded down $0.16 during midday trading on Friday, reaching $7.52. The company's stock had a trading volume of 187,809 shares, compared to its average volume of 330,034. The business has a 50-day simple moving average of $7.70 and a 200-day simple moving average of $7.33. The company has a market cap of $298.84 million, a P/E ratio of 27.85, a P/E/G ratio of 15.36 and a beta of 1.12. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $9.95. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

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