Foundry Partners LLC cut its position in Orion Group Holdings, Inc. (NYSE:ORN) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 504,910 shares of the construction company’s stock after selling 7,450 shares during the period. Foundry Partners LLC’s holdings in Orion Group Holdings were worth $3,772,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its position in Orion Group Holdings by 1.4% in the first quarter. Arizona State Retirement System now owns 14,435 shares of the construction company’s stock worth $108,000 after buying an additional 200 shares in the last quarter. Trexquant Investment LP increased its position in shares of Orion Group Holdings by 41.0% in the first quarter. Trexquant Investment LP now owns 14,848 shares of the construction company’s stock valued at $111,000 after buying an additional 4,316 shares during the period. LS Investment Advisors LLC increased its position in shares of Orion Group Holdings by 1,915.0% in the first quarter. LS Investment Advisors LLC now owns 18,719 shares of the construction company’s stock valued at $140,000 after buying an additional 17,790 shares during the period. Texas Permanent School Fund increased its position in shares of Orion Group Holdings by 1.2% in the second quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock valued at $152,000 after buying an additional 249 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Orion Group Holdings by 14.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,560 shares of the construction company’s stock valued at $154,000 after buying an additional 2,583 shares during the period. 89.88% of the stock is owned by hedge funds and other institutional investors.

Orion Group Holdings, Inc. (NYSE:ORN) opened at 5.56 on Wednesday. The stock’s 50 day moving average is $6.96 and its 200 day moving average is $7.88. The firm’s market cap is $156.81 million. Orion Group Holdings, Inc. has a one year low of $5.34 and a one year high of $11.11.

Orion Group Holdings (NYSE:ORN) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.16. The firm had revenue of $137.40 million during the quarter, compared to the consensus estimate of $161.68 million. Orion Group Holdings had a negative net margin of 0.98% and a positive return on equity of 1.37%. Orion Group Holdings’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) EPS. On average, equities research analysts expect that Orion Group Holdings, Inc. will post $0.02 earnings per share for the current year.

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Orion Group Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Canaccord Genuity reduced their price target on shares of Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating for the company in a report on Friday, August 4th. Finally, FBR & Co reissued a “buy” rating and set a $12.00 price target on shares of Orion Group Holdings in a report on Friday, May 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.75.

In other Orion Group Holdings news, COO Larry Dwayne Breaux sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $7.21, for a total transaction of $25,235.00. Following the transaction, the chief operating officer now owns 142,123 shares in the company, valued at $1,024,706.83. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.00% of the stock is currently owned by company insiders.

About Orion Group Holdings

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

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Institutional Ownership by Quarter for Orion Group Holdings (NYSE:ORN)

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