Royce & Associates LP Has $16.49 Million Holdings in Orion Group Holdings, Inc. $ORN

Royce & Associates LP decreased its position in Orion Group Holdings, Inc. (NYSE:ORN) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,658,514 shares of the construction company’s stock after selling 45,660 shares during the period. Royce & Associates LP’s holdings in Orion Group were worth $16,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in Orion Group by 56.7% in the third quarter. Wasatch Advisors LP now owns 2,226,519 shares of the construction company’s stock valued at $18,525,000 after buying an additional 805,956 shares during the period. Vanguard Group Inc. lifted its holdings in Orion Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,024,885 shares of the construction company’s stock valued at $16,847,000 after buying an additional 5,572 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Orion Group by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,684,977 shares of the construction company’s stock valued at $14,019,000 after buying an additional 17,390 shares during the period. Invesco Ltd. lifted its holdings in Orion Group by 79.4% in the third quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock valued at $10,578,000 after buying an additional 562,863 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in Orion Group by 12.9% in the third quarter. Kennedy Capital Management LLC now owns 674,959 shares of the construction company’s stock valued at $5,616,000 after buying an additional 77,099 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Price Performance

Shares of NYSE ORN opened at $14.40 on Wednesday. The firm’s 50-day moving average price is $12.50 and its 200-day moving average price is $11.73. Orion Group Holdings, Inc. has a 1-year low of $6.44 and a 1-year high of $15.85. The firm has a market capitalization of $582.91 million, a P/E ratio of 68.57 and a beta of 1.39. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43.

Orion Group (NYSE:ORN) last posted its earnings results on Wednesday, April 29th. The construction company reported $0.05 EPS for the quarter. The company had revenue of $216.30 million during the quarter, compared to the consensus estimate of $198.13 million. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORN has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings upgraded shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Orion Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Roth Mkm initiated coverage on shares of Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $17.00.

Insider Transactions at Orion Group

In other news, Director Quentin P. Jr. Smith sold 10,695 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $12.25, for a total transaction of $131,013.75. Following the completion of the sale, the director directly owned 90,659 shares of the company’s stock, valued at $1,110,572.75. The trade was a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Austin J. Shanfelter sold 90,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total transaction of $1,095,300.00. Following the sale, the director directly owned 329,215 shares of the company’s stock, valued at approximately $4,006,546.55. The trade was a 21.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 141,390 shares of company stock valued at $1,832,825 over the last three months. Corporate insiders own 5.70% of the company’s stock.

About Orion Group

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.