Arrowstreet Capital Limited Partnership trimmed its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 190,686 shares of the construction company’s stock after selling 14,274 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.68% of Orion Group Holdings worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Texas Permanent School Fund lifted its position in Orion Group Holdings by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock worth $152,000 after acquiring an additional 249 shares during the period. Vanguard Group Inc. lifted its position in Orion Group Holdings by 14.3% during the 1st quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock worth $10,730,000 after acquiring an additional 179,950 shares during the period. Arizona State Retirement System lifted its position in Orion Group Holdings by 1.4% during the 1st quarter. Arizona State Retirement System now owns 14,435 shares of the construction company’s stock worth $108,000 after acquiring an additional 200 shares during the period. Victory Capital Management Inc. acquired a new stake in Orion Group Holdings during the 1st quarter worth approximately $853,000. Finally, Bank of New York Mellon Corp lifted its position in Orion Group Holdings by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 312,968 shares of the construction company’s stock worth $2,338,000 after acquiring an additional 14,096 shares during the period. 87.79% of the stock is owned by institutional investors.
A number of research firms have weighed in on ORN. Zacks Investment Research cut Orion Group Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Canaccord Genuity reaffirmed a “hold” rating and set a $7.00 price objective on shares of Orion Group Holdings in a research report on Wednesday. Finally, FBR & Co decreased their price objective on Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 18th.
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Shares of Orion Group Holdings, Inc. (NYSE:ORN) opened at 7.06 on Friday. The firm’s market capitalization is $199.11 million. The stock has a 50 day moving average price of $6.43 and a 200 day moving average price of $6.92. Orion Group Holdings, Inc. has a 12-month low of $5.17 and a 12-month high of $11.11.
Orion Group Holdings (NYSE:ORN) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.16). Orion Group Holdings had a positive return on equity of 1.37% and a negative net margin of 0.98%. The business had revenue of $137.40 million during the quarter, compared to the consensus estimate of $161.68 million. During the same period last year, the company earned ($0.03) earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Analysts predict that Orion Group Holdings, Inc. will post $0.02 EPS for the current fiscal year.
Orion Group Holdings Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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