Marshall Wace LLP Takes $805,000 Position in Orion Group Holdings, Inc. (NYSE:ORN)

Marshall Wace LLP acquired a new position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 109,786 shares of the construction company's stock, valued at approximately $805,000. Marshall Wace LLP owned about 0.28% of Orion Group at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ORN. Corebridge Financial Inc. raised its position in Orion Group by 8.4% in the fourth quarter. Corebridge Financial Inc. now owns 18,043 shares of the construction company's stock worth $132,000 after purchasing an additional 1,396 shares in the last quarter. Rhumbline Advisers grew its position in Orion Group by 6.5% in the fourth quarter. Rhumbline Advisers now owns 36,138 shares of the construction company's stock valued at $265,000 after acquiring an additional 2,198 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Orion Group by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company's stock valued at $540,000 after acquiring an additional 3,432 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Orion Group by 16.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company's stock valued at $197,000 after acquiring an additional 3,728 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Orion Group by 43.0% in the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company's stock worth $121,000 after acquiring an additional 4,978 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson started coverage on Orion Group in a research note on Friday, January 17th. They issued a "buy" rating and a $11.00 target price for the company. StockNews.com raised Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Finally, B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th.

Orion Group Trading Up 4.7 %

NYSE ORN traded up $0.34 during trading hours on Tuesday, hitting $7.50. The company's stock had a trading volume of 71,251 shares, compared to its average volume of 404,952. The stock has a fifty day moving average of $5.85 and a 200 day moving average of $7.04. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $12.12. The firm has a market capitalization of $291.18 million, a P/E ratio of -18.72, 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 EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.12. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The business had revenue of $188.65 million during the quarter, compared to analysts' expectations of $177.33 million. Equities research analysts forecast 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.