Sei Investments Co. Buys 196,041 Shares of Orion Group Holdings, Inc. $ORN

Sei Investments Co. grew its position in Orion Group Holdings, Inc. (NYSE:ORN) by 102.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 386,663 shares of the construction company’s stock after purchasing an additional 196,041 shares during the period. Sei Investments Co.’s holdings in Orion Group were worth $4,215,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Globeflex Capital L P lifted its stake in shares of Orion Group by 481.0% in the 1st quarter. Globeflex Capital L P now owns 71,310 shares of the construction company’s stock valued at $777,000 after purchasing an additional 59,036 shares during the period. First Trust Advisors LP lifted its holdings in shares of Orion Group by 0.6% during the 1st quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock valued at $1,314,000 after purchasing an additional 697 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Orion Group by 27.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 378,732 shares of the construction company’s stock valued at $4,257,000 after buying an additional 80,735 shares during the period. Seros Financial LLC increased its holdings in Orion Group by 4.1% during the 1st quarter. Seros Financial LLC now owns 168,704 shares of the construction company’s stock worth $1,839,000 after purchasing an additional 6,570 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Orion Group during the first quarter worth about $52,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORN has been the subject of a number of recent research reports. Oppenheimer began coverage on shares of Orion Group in a research note on Tuesday, July 7th. They set an “outperform” rating and a $20.00 price objective for the company. Roth Capital set a $15.00 price objective on shares of Orion Group in a report on Thursday, July 30th. Weiss Ratings cut Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Zacks Research downgraded shares of Orion Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. upped their target price on Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Orion Group Trading Up 2.1%

ORN opened at $10.40 on Thursday. The firm has a market capitalization of $421.02 million, a price-to-earnings ratio of 115.55 and a beta of 1.40. Orion Group Holdings, Inc. has a fifty-two week low of $6.44 and a fifty-two week high of $17.40. The company’s 50 day moving average price is $13.78 and its two-hundred day moving average price is $13.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51.

Orion Group (NYSE:ORN) last announced its earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.04). Orion Group had a return on equity of 3.07% and a net margin of 0.40%.The company had revenue of $221.88 million for the quarter, compared to the consensus estimate of $225.72 million. As a group, research analysts predict that Orion Group Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other Orion Group news, Director Mary E. Sullivan purchased 3,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $9.79 per share, with a total value of $29,370.00. Following the completion of the purchase, the director owned 277,904 shares in the company, valued at $2,720,680.16. This represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Ledford bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the transaction, the director directly owned 43,112 shares in the company, valued at $414,737.44. This trade represents a 86.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 28,000 shares of company stock valued at $270,820 over the last quarter. Insiders own 5.70% of the company’s stock.

Orion Group Profile

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.