Next Century Growth Investors LLC Has $4.05 Million Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Next Century Growth Investors LLC lowered its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 552,364 shares of the construction company’s stock after selling 49,498 shares during the period. Next Century Growth Investors LLC owned approximately 1.42% of Orion Group worth $4,049,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Brandes Investment Partners LP raised its holdings in Orion Group by 3.8% in the 4th quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company’s stock valued at $25,143,000 after acquiring an additional 126,696 shares in the last quarter. Royce & Associates LP increased its position in shares of Orion Group by 15.6% during the fourth quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company’s stock valued at $14,833,000 after purchasing an additional 273,760 shares during the period. Geode Capital Management LLC raised its stake in shares of Orion Group by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 778,443 shares of the construction company’s stock valued at $5,707,000 after purchasing an additional 101,526 shares in the last quarter. American Century Companies Inc. lifted its position in Orion Group by 9.1% in the fourth quarter. American Century Companies Inc. now owns 676,098 shares of the construction company’s stock worth $4,956,000 after purchasing an additional 56,154 shares during the period. Finally, CenterBook Partners LP bought a new stake in Orion Group in the 4th quarter valued at $4,695,000. Institutional investors own 70.25% of the company’s stock.

Orion Group Trading Up 3.6 %

Shares of Orion Group stock opened at $5.73 on Friday. Orion Group Holdings, Inc. has a 12-month low of $4.64 and a 12-month high of $12.12. The stock has a market capitalization of $222.45 million, a P/E ratio of -14.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. The company has a 50-day simple moving average of $6.37 and a 200 day simple moving average of $6.98. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $216.88 million during the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same quarter last year, the business posted $0.08 earnings per share. Research analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ORN. DA Davidson assumed coverage on shares of Orion Group in a report on Friday, January 17th. They set a “buy” rating and a $11.00 price objective for the company. StockNews.com downgraded Orion Group from a “buy” rating to a “hold” rating in a report on Sunday, March 23rd. Finally, B. Riley raised Orion Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.

About Orion Group

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.