Geode Capital Management LLC Purchases 101,526 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Geode Capital Management LLC grew its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 778,443 shares of the construction company's stock after purchasing an additional 101,526 shares during the quarter. Geode Capital Management LLC owned about 2.00% of Orion Group worth $5,707,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Brandes Investment Partners LP increased its position in Orion Group by 3.8% during the 4th quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company's stock worth $25,143,000 after buying an additional 126,696 shares during the period. Royce & Associates LP increased its position in Orion Group by 15.6% during the fourth 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 during the period. American Century Companies Inc. boosted its holdings in Orion Group by 9.1% in the 4th quarter. American Century Companies Inc. now owns 676,098 shares of the construction company's stock valued at $4,956,000 after purchasing an additional 56,154 shares during the period. State Street Corp boosted its holdings in Orion Group by 27.3% in the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company's stock valued at $3,186,000 after purchasing an additional 118,296 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Orion Group during the 4th quarter worth approximately $2,907,000. Institutional investors own 70.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. DA Davidson assumed coverage on Orion Group in a research report on Friday, January 17th. They set a "buy" rating and a $11.00 target price for the company. Finally, B. Riley upgraded Orion Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

Orion Group Price Performance

ORN traded up $0.43 during trading on Thursday, hitting $6.82. 37,154 shares of the stock traded hands, compared to its average volume of 448,855. The business has a 50 day moving average price of $5.85 and a 200 day moving average price of $6.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $12.12. The company has a market cap of $264.66 million, a price-to-earnings ratio of -16.95, a PEG ratio of 1.10 and a beta of 0.81.

Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.12. The business had revenue of $188.65 million during the quarter, compared to the consensus estimate of $177.33 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. Equities research analysts forecast that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

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.