Alyeska Investment Group L.P. Reduces Position in Orion Group Holdings, Inc. (NYSE:ORN)

Alyeska Investment Group L.P. lessened its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,000 shares of the construction company's stock after selling 100,000 shares during the period. Alyeska Investment Group L.P. owned approximately 1.29% of Orion Group worth $3,665,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ORN. Ancora Advisors LLC raised its stake in shares of Orion Group by 76.1% in the fourth quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company's stock worth $4,944,000 after buying an additional 291,550 shares during the period. Northern Trust Corp increased 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 worth $2,201,000 after buying an additional 53,506 shares in the last quarter. Quarry LP bought a new stake in Orion Group during the fourth quarter valued at about $52,000. Oxford Asset Management LLP purchased a new position in shares of Orion Group in the fourth quarter valued at about $94,000. Finally, Voya Investment Management LLC boosted its stake in shares of Orion Group by 124.1% in the fourth quarter. Voya Investment Management LLC now owns 24,970 shares of the construction company's stock worth $183,000 after acquiring an additional 13,826 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Price Performance

NYSE:ORN traded down $0.03 during trading hours on Friday, reaching $7.69. The stock had a trading volume of 330,832 shares, compared to its average volume of 458,502. The stock has a market capitalization of $304.17 million, a PE ratio of -19.22, a PEG ratio of 1.10 and a beta of 0.91. Orion Group Holdings, Inc. has a 52 week low of $4.64 and a 52 week high of $12.12. The company has a 50 day moving average price of $5.91 and a two-hundred day moving average price of $7.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.12. The company had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. As a group, sell-side analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.