Orion Group Holdings, Inc. $ORN Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY lessened its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 4.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 893,822 shares of the construction company’s stock after selling 42,330 shares during the quarter. Orion Group comprises about 1.7% of Grace & White Inc. NY’s holdings, making the stock its 18th largest position. Grace & White Inc. NY’s holdings in Orion Group were worth $9,743,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Orion Group by 64.2% in the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 187,819 shares during the period. NewEdge Advisors LLC raised its position in Orion Group by 55.7% in the first quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock valued at $131,000 after purchasing an additional 8,945 shares during the period. Empowered Funds LLC lifted its stake in shares of Orion Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after purchasing an additional 2,220 shares during the last quarter. Strs Ohio acquired a new position in shares of Orion Group in the 1st quarter valued at $175,000. Finally, Creative Planning purchased a new position in shares of Orion Group during the 2nd quarter worth $202,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Orion Group

In other news, Director Margaret M. Foran sold 20,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $14.62, for a total transaction of $292,400.00. Following the sale, the director owned 137,541 shares of the company’s stock, valued at approximately $2,010,849.42. This represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 40,695 shares of company stock valued at $606,512 in the last three months. Insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

ORN has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Zacks Research raised shares of Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, B. Riley Financial upped their price objective on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.00.

Orion Group Trading Up 2.0%

NYSE ORN opened at $16.33 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.41. The firm has a market cap of $661.20 million, a price-to-earnings ratio of 77.78 and a beta of 1.37. The firm has a 50 day simple moving average of $14.17 and a 200-day simple moving average of $12.52. Orion Group Holdings, Inc. has a one year low of $6.44 and a one year high of $16.57.

Orion Group (NYSE:ORN) last announced its earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. The firm had revenue of $216.30 million for the quarter, compared to the consensus estimate of $198.12 million. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.26 EPS for the current fiscal year.

Orion Group Company 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.