Orion Group Holdings, Inc. (ORN) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,937 shares of the construction company’s stock after buying an additional 6,924 shares during the period. Wells Fargo & Company MN owned 0.22% of Orion Group Holdings worth $463,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Orion Group Holdings by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,568,388 shares of the construction company’s stock valued at $15,606,000 after buying an additional 194,336 shares during the last quarter. Comerica Bank increased its position in shares of Orion Group Holdings by 3.1% in the fourth quarter. Comerica Bank now owns 29,397 shares of the construction company’s stock valued at $301,000 after buying an additional 892 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Orion Group Holdings during the fourth quarter valued at about $1,299,000. Bank of Montreal Can increased its position in shares of Orion Group Holdings by 379.3% in the first quarter. Bank of Montreal Can now owns 26,332 shares of the construction company’s stock valued at $197,000 after buying an additional 20,838 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Orion Group Holdings by 18.4% in the fourth quarter. Renaissance Technologies LLC now owns 660,700 shares of the construction company’s stock valued at $6,574,000 after buying an additional 102,600 shares during the last quarter. 90.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Orion Group Holdings, Inc. (NYSE ORN) traded down 1.75% during mid-day trading on Tuesday, hitting $6.18. 116,394 shares of the company traded hands. The firm’s market cap is $171.75 million. Orion Group Holdings, Inc. has a 52-week low of $5.59 and a 52-week high of $11.11. The firm has a 50-day moving average price of $7.27 and a 200 day moving average price of $8.18.

Orion Group Holdings (NYSE:ORN) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.16. Orion Group Holdings had a negative net margin of 0.98% and a positive return on equity of 1.37%. The business had revenue of $137.40 million during the quarter, compared to analyst estimates of $161.68 million. During the same period in the previous year, the company posted ($0.03) earnings per share. Orion Group Holdings’s revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that Orion Group Holdings, Inc. will post $0.33 EPS for the current fiscal year.

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Several analysts have recently commented on the stock. Canaccord Genuity reduced their target price on shares of Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday. Zacks Investment Research cut shares of Orion Group Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, FBR & Co restated a “buy” rating and issued a $12.00 target price on shares of Orion Group Holdings in a research note on Monday, May 15th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $8.30.

In other Orion Group Holdings news, CFO Christopher James Dealmeida sold 6,289 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $7.51, for a total transaction of $47,230.39. Following the completion of the sale, the chief financial officer now directly owns 33,325 shares of the company’s stock, valued at $250,270.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Larry Dwayne Breaux sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $7.21, for a total transaction of $25,235.00. Following the sale, the chief operating officer now directly owns 142,123 shares of the company’s stock, valued at $1,024,706.83. The disclosure for this sale can be found here. Insiders sold a total of 44,214 shares of company stock valued at $342,675 over the last three months. 8.00% of the stock is owned by corporate 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.

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

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