Grace & White Inc. NY Grows Position in Orion Group Holdings, Inc. $ORN

Grace & White Inc. NY grew its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,007,797 shares of the construction company’s stock after purchasing an additional 15,000 shares during the period. Orion Group comprises approximately 1.7% of Grace & White Inc. NY’s investment portfolio, making the stock its 17th largest holding. Grace & White Inc. NY owned 2.55% of Orion Group worth $9,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in shares of Orion Group by 8.8% during the 1st quarter. Hsbc Holdings PLC now owns 19,631 shares of the construction company’s stock valued at $102,000 after buying an additional 1,588 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Orion Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after buying an additional 2,220 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Orion Group by 66.5% during the 1st quarter. Quantbot Technologies LP now owns 14,483 shares of the construction company’s stock valued at $76,000 after buying an additional 5,785 shares in the last quarter. US Bancorp DE lifted its position in shares of Orion Group by 4.1% during the 1st quarter. US Bancorp DE now owns 159,610 shares of the construction company’s stock valued at $835,000 after buying an additional 6,300 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Orion Group by 303.5% during the 1st quarter. CWM LLC now owns 8,579 shares of the construction company’s stock valued at $45,000 after buying an additional 6,453 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORN. Zacks Research lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen lowered Orion Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Orion Group in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.25.

Orion Group Trading Down 5.3%

Shares of ORN stock opened at $8.20 on Friday. The stock’s fifty day moving average is $7.62 and its two-hundred day moving average is $7.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.37 and a current ratio of 1.38. The firm has a market capitalization of $325.67 million, a P/E ratio of 30.35, a PEG ratio of 17.30 and a beta of 1.16. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $9.95.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, September 20th. The construction company reported ($0.03) earnings per share for the quarter. Orion Group had a net margin of 1.25% and a return on equity of 9.23%. The firm had revenue of $194.58 million during the quarter. Research analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

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.