Trexquant Investment LP Makes New $239,000 Investment 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 purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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 quarter.

Several other large investors have also made changes to their positions in ORN. Raymond James Financial Inc. acquired a new stake in shares of Orion Group during the 4th quarter worth approximately $88,000. Price T Rowe Associates Inc. MD bought a new position in Orion Group in the 4th quarter valued at approximately $103,000. Voya Investment Management LLC lifted its stake in Orion Group by 124.1% in the 4th quarter. Voya Investment Management LLC now owns 24,970 shares of the construction company's stock valued at $183,000 after purchasing an additional 13,826 shares during the last quarter. Northern Trust Corp lifted its stake in Orion Group by 21.7% in the 4th quarter. Northern Trust Corp now owns 300,250 shares of the construction company's stock valued at $2,201,000 after purchasing an additional 53,506 shares during the last quarter. Finally, Algert Global LLC bought a new position in Orion Group in the 4th quarter valued at approximately $107,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Orion Group Trading Up 0.1%

Shares of ORN traded up $0.01 during trading hours on Monday, hitting $7.54. 1,557,171 shares of the stock were exchanged, compared to its average volume of 320,742. 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 debt-to-equity ratio of 0.26, a current ratio of 1.38 and a quick ratio of 1.37. The business has a 50-day moving average of $7.67 and a 200-day moving average of $7.33. The firm has a market capitalization of $299.44 million, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 15.06 and a beta of 1.12.

Wall Street Analyst Weigh In

ORN has been the subject of several research reports. Wall Street Zen downgraded shares of Orion Group from a "buy" rating to a "hold" rating in a research note 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 reaffirmed a "buy" rating and set a $11.50 price target (up previously from $9.00) on shares of Orion Group in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Orion Group has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

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.