Boston Partners Acquires 126,397 Shares of Orion Group Holdings, Inc. $ORN

Boston Partners boosted its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 152.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,443 shares of the construction company’s stock after purchasing an additional 126,397 shares during the period. Boston Partners owned about 0.53% of Orion Group worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of Orion Group by 15.0% during the 4th quarter. Geode Capital Management LLC now owns 778,443 shares of the construction company’s stock worth $5,707,000 after purchasing an additional 101,526 shares during the last quarter. Invesco Ltd. increased its stake in shares of Orion Group by 6.1% during the 1st quarter. Invesco Ltd. now owns 742,770 shares of the construction company’s stock worth $3,885,000 after purchasing an additional 42,392 shares during the last quarter. CenterBook Partners LP increased its stake in shares of Orion Group by 12.2% during the 1st quarter. CenterBook Partners LP now owns 718,486 shares of the construction company’s stock worth $3,758,000 after purchasing an additional 77,900 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Orion Group by 30.7% during the 1st quarter. Russell Investments Group Ltd. now owns 684,527 shares of the construction company’s stock worth $3,580,000 after purchasing an additional 160,861 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of Orion Group by 76.1% during the 4th quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company’s stock worth $4,944,000 after purchasing an additional 291,550 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Orion Group Stock Performance

NYSE ORN opened at $6.78 on Monday. The firm has a 50-day moving average of $8.39 and a 200-day moving average of $7.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.37 and a current ratio of 1.38. The stock has a market cap of $269.40 million, a PE ratio of 25.11, a P/E/G ratio of 13.50 and a beta of 1.03. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week high of $9.95.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORN. B. Riley restated a “buy” rating and set a $11.50 price objective (up from $9.00) on shares of Orion Group in a research note on Tuesday, June 10th. Wall Street Zen lowered shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th.

Orion Group 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.