Acuitas Investments LLC Acquires 297,525 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Acuitas Investments LLC boosted its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 85.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 645,248 shares of the construction company's stock after purchasing an additional 297,525 shares during the quarter. Orion Group comprises 1.6% of Acuitas Investments LLC's portfolio, making the stock its 18th largest holding. Acuitas Investments LLC owned approximately 1.99% of Orion Group worth $3,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. AMH Equity Ltd lifted its holdings in shares of Orion Group by 518.8% during the third quarter. AMH Equity Ltd now owns 1,856,399 shares of the construction company's stock worth $9,950,000 after buying an additional 1,556,399 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Orion Group in the third quarter valued at $2,305,000. Gendell Jeffrey L raised its stake in shares of Orion Group by 125.7% in the third quarter. Gendell Jeffrey L now owns 654,811 shares of the construction company's stock valued at $3,510,000 after purchasing an additional 364,680 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of Orion Group by 3.7% in the third quarter. Brandes Investment Partners LP now owns 3,530,178 shares of the construction company's stock valued at $18,922,000 after purchasing an additional 125,778 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in shares of Orion Group in the third quarter valued at $640,000. Institutional investors own 70.25% of the company's stock.

Insider Activity

In related news, EVP Edward Chipman Earle acquired 8,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $6.88 per share, with a total value of $55,040.00. Following the completion of the purchase, the executive vice president now directly owns 69,602 shares in the company, valued at $478,861.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Edward Chipman Earle acquired 8,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the completion of the acquisition, the executive vice president now owns 69,602 shares in the company, valued at $478,861.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Travis J. Boone bought 12,000 shares of the business's stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $7.01 per share, for a total transaction of $84,120.00. Following the completion of the acquisition, the chief executive officer now owns 402,557 shares of the company's stock, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 22,430 shares of company stock worth $156,340. 7.30% of the stock is owned by corporate insiders.

Orion Group Price Performance

Orion Group stock traded down $0.61 during mid-day trading on Thursday, hitting $7.35. 1,125,547 shares of the company were exchanged, compared to its average volume of 279,490. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $7.80 and a 200 day moving average of $6.03. Orion Group Holdings, Inc. has a 1-year low of $2.34 and a 1-year high of $9.84. The company has a market capitalization of $238.43 million, a PE ratio of -11.91, a price-to-earnings-growth ratio of 1.60 and a beta of 0.70.

Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Wednesday, April 24th. The construction company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.06. Orion Group had a negative return on equity of 9.14% and a negative net margin of 2.51%. The company had revenue of $160.67 million during the quarter, compared to analyst estimates of $174.75 million. As a group, sell-side analysts expect that Orion Group Holdings, Inc. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ORN shares. B. Riley restated a "buy" rating and issued a $9.50 target price (up from $6.25) on shares of Orion Group in a research note on Thursday, March 14th. StockNews.com lowered Orion Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 9th.

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.