Los Angeles Capital Management LLC Cuts Stake in Orion Group Holdings, Inc. $ORN

Los Angeles Capital Management LLC decreased its position in Orion Group Holdings, Inc. (NYSE:ORN) by 17.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,870 shares of the construction company’s stock after selling 13,500 shares during the period. Los Angeles Capital Management LLC owned approximately 0.16% of Orion Group worth $579,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in Orion Group by 13.9% during the first quarter. Bank of New York Mellon Corp now owns 83,886 shares of the construction company’s stock valued at $439,000 after purchasing an additional 10,222 shares during the period. American Century Companies Inc. raised its stake in Orion Group by 28.4% during the 1st quarter. American Century Companies Inc. now owns 868,327 shares of the construction company’s stock valued at $4,541,000 after buying an additional 192,229 shares during the last quarter. Nuveen LLC bought a new position in shares of Orion Group during the 1st quarter valued at $1,813,000. Trexquant Investment LP bought a new position in shares of Orion Group during the 1st quarter valued at $239,000. Finally, CWM LLC boosted its stake in shares of Orion Group by 303.5% in the 1st quarter. CWM LLC now owns 8,579 shares of the construction company’s stock worth $45,000 after buying an additional 6,453 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ORN shares. Zacks Research cut shares of Orion Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Orion Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Orion Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. 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, Orion Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.25.

Orion Group Stock Performance

Shares of NYSE ORN opened at $9.50 on Friday. The company has a market cap of $379.06 million, a P/E ratio of 41.31, a P/E/G ratio of 20.42 and a beta of 1.25. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week high of $11.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.36. The firm’s fifty day moving average is $8.85 and its two-hundred day moving average is $8.35.

Orion Group (NYSE:ORN) last posted its earnings results on Wednesday, September 20th. The construction company reported ($0.03) EPS for the quarter. Orion Group had a net margin of 1.13% and a return on equity of 6.88%. The firm had revenue of $194.58 million for the quarter. As a group, analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS 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.