Alyeska Investment Group L.P. Has $3.67 Million Position in Orion Group Holdings, Inc. (NYSE:ORN)

Alyeska Investment Group L.P. cut its holdings in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

Several other hedge funds have also recently bought and sold shares of ORN. Geode Capital Management LLC lifted its position in Orion Group by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company's stock worth $3,907,000 after acquiring an additional 10,098 shares during the last quarter. Barclays PLC boosted its stake in Orion Group by 29.7% during the 3rd quarter. Barclays PLC now owns 43,560 shares of the construction company's stock valued at $252,000 after purchasing an additional 9,966 shares during the period. JPMorgan Chase & Co. grew its holdings in Orion Group by 930.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company's stock valued at $776,000 after buying an additional 121,507 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Orion Group by 1,936.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock worth $69,000 after buying an additional 8,965 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Orion Group by 43.0% during the fourth quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company's stock worth $121,000 after buying an additional 4,978 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Price Performance

Shares of ORN traded up $0.16 during mid-day trading on Monday, reaching $7.87. The company had a trading volume of 72,001 shares, compared to its average volume of 455,571. The company's 50-day moving average is $5.91 and its 200-day moving average is $7.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The company has a market capitalization of $311.09 million, a P/E ratio of -19.65, a P/E/G ratio of 1.10 and a beta of 0.91. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $12.12.

Orion Group (NYSE:ORN - Get Free Report) last posted 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 company had revenue of $188.65 million for the quarter, compared to analyst estimates of $177.33 million. On average, equities analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a "buy" rating and a $11.00 price objective on the stock. StockNews.com upgraded Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. 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 Company 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.