Brandes Investment Partners LP Increases Stock Position in Orion Group Holdings, Inc. (NYSE:ORN)

Brandes Investment Partners LP raised its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,430,089 shares of the construction company’s stock after buying an additional 126,696 shares during the period. Brandes Investment Partners LP owned about 8.82% of Orion Group worth $25,143,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORN. Atria Investments Inc boosted its position in Orion Group by 14.6% during the 3rd quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock valued at $284,000 after buying an additional 6,285 shares during the period. Royce & Associates LP raised its holdings in Orion Group by 12.9% in the 3rd quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock worth $10,096,000 after purchasing an additional 200,420 shares in the last quarter. Empowered Funds LLC raised its holdings in Orion Group by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 250,021 shares of the construction company’s stock worth $1,443,000 after purchasing an additional 12,730 shares in the last quarter. Intech Investment Management LLC bought a new position in Orion Group in the 3rd quarter worth $63,000. Finally, Quantbot Technologies LP bought a new position in Orion Group in the 3rd quarter worth $120,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ORN. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson began coverage on shares of Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company.

Orion Group Stock Up 4.8 %

Shares of Orion Group stock opened at $5.56 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The company has a 50-day moving average of $7.31 and a 200 day moving average of $7.14. The firm has a market cap of $216.59 million, a price-to-earnings ratio of -13.89, a PEG ratio of 1.10 and a beta of 0.93. Orion Group Holdings, Inc. has a 1 year low of $4.85 and a 1 year high of $12.12.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) 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 period last year, the business earned $0.08 EPS. As a group, sell-side analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

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.