Parametric Portfolio Associates LLC increased its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,222 shares of the construction company’s stock after purchasing an additional 7,355 shares during the period. Parametric Portfolio Associates LLC owned 0.68% of Orion Group Holdings worth $1,428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stevens Capital Management LP lifted its holdings in shares of Orion Group Holdings by 8.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock worth $107,000 after purchasing an additional 1,151 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Orion Group Holdings by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock worth $109,000 after purchasing an additional 100 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of Orion Group Holdings in the 2nd quarter worth approximately $143,000. Texas Permanent School Fund lifted its holdings in shares of Orion Group Holdings by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock worth $152,000 after purchasing an additional 249 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Orion Group Holdings by 14.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,560 shares of the construction company’s stock worth $154,000 after purchasing an additional 2,583 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on ORN. B. Riley reaffirmed a “buy” rating on shares of Orion Group Holdings in a research note on Wednesday, November 1st. FBR & Co cut their target price on Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Canaccord Genuity cut their target price on Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, August 4th. Finally, Zacks Investment Research raised Orion Group Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th.

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Shares of Orion Group Holdings, Inc. (ORN) opened at $7.56 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 1.44. Orion Group Holdings, Inc. has a 12 month low of $5.17 and a 12 month high of $11.11.

Orion Group Holdings (NYSE:ORN) last announced its earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.25). The business had revenue of $140.20 million for the quarter, compared to the consensus estimate of $166.08 million. Orion Group Holdings had a negative net margin of 2.76% and a negative return on equity of 2.96%. The firm’s revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. research analysts anticipate that Orion Group Holdings, Inc. will post 0.05 earnings per share for the current year.

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.

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

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