CenterBook Partners LP Sells 291,961 Shares of Orion Group Holdings, Inc. $ORN

CenterBook Partners LP lessened its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 40.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 426,525 shares of the construction company’s stock after selling 291,961 shares during the period. CenterBook Partners LP’s holdings in Orion Group were worth $3,869,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ORN. Grace & White Inc. NY grew its stake in shares of Orion Group by 1.5% in the 2nd quarter. Grace & White Inc. NY now owns 1,007,797 shares of the construction company’s stock valued at $9,141,000 after purchasing an additional 15,000 shares during the period. American Century Companies Inc. grew its position in Orion Group by 28.4% in the first quarter. American Century Companies Inc. now owns 868,327 shares of the construction company’s stock valued at $4,541,000 after acquiring an additional 192,229 shares during the period. Geode Capital Management LLC raised its stake in Orion Group by 6.7% during the second quarter. Geode Capital Management LLC now owns 859,800 shares of the construction company’s stock worth $7,800,000 after acquiring an additional 54,345 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Orion Group by 6.1% during the first quarter. Invesco Ltd. now owns 742,770 shares of the construction company’s stock valued at $3,885,000 after acquiring an additional 42,392 shares during the period. Finally, Next Century Growth Investors LLC boosted its stake in shares of Orion Group by 28.8% in the 1st quarter. Next Century Growth Investors LLC now owns 711,372 shares of the construction company’s stock valued at $3,720,000 after purchasing an additional 159,008 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Trading Up 4.6%

Shares of NYSE ORN opened at $8.94 on Friday. Orion Group Holdings, Inc. has a 1-year low of $4.64 and a 1-year high of $11.49. The company has a 50-day moving average of $9.00 and a two-hundred day moving average of $8.43. The company has a market cap of $356.71 million, a PE ratio of 38.87, a P/E/G ratio of 20.42 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, September 20th. The construction company reported ($0.03) earnings per share for the quarter. Orion Group had a net margin of 1.13% and a return on equity of 6.88%. The company had revenue of $194.58 million during the quarter. As a group, equities 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 equities research analysts recently issued reports on ORN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Orion Group in a research report on Wednesday, October 8th. Zacks Research lowered shares of Orion Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Wall Street Zen downgraded Orion Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.25.

Orion Group Company 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.