Harbor Capital Advisors Inc. Purchases New Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Harbor Capital Advisors Inc. purchased a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 324,534 shares of the construction company’s stock, valued at approximately $1,873,000. Harbor Capital Advisors Inc. owned 0.97% of Orion Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Orion Group during the third quarter valued at about $67,000. Sanctuary Advisors LLC purchased a new stake in Orion Group during the second quarter valued at about $303,000. Northeast Financial Consultants Inc lifted its holdings in Orion Group by 7.9% during the second quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock valued at $1,389,000 after purchasing an additional 10,695 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Orion Group during the second quarter valued at about $115,000. Finally, GDS Wealth Management lifted its holdings in Orion Group by 8.4% during the second quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock valued at $488,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Orion Group from a “hold” rating to a “buy” rating in a report on Friday.

Insider Transactions at Orion Group

In other news, EVP Edward Chipman Earle bought 15,633 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the acquisition, the executive vice president now owns 86,235 shares of the company’s stock, valued at approximately $521,721.75. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Travis J. Boone bought 3,700 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $6.79 per share, for a total transaction of $25,123.00. Following the completion of the acquisition, the chief executive officer now owns 488,719 shares of the company’s stock, valued at approximately $3,318,402.01. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Edward Chipman Earle purchased 15,633 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $6.05 per share, for a total transaction of $94,579.65. Following the acquisition, the executive vice president now owns 86,235 shares of the company’s stock, valued at $521,721.75. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 23,453 shares of company stock worth $144,423. Insiders own 7.30% of the company’s stock.

Orion Group Price Performance

Shares of NYSE ORN opened at $6.30 on Tuesday. Orion Group Holdings, Inc. has a one year low of $4.09 and a one year high of $12.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.32. The firm’s 50 day simple moving average is $6.16 and its two-hundred day simple moving average is $7.84. The stock has a market capitalization of $210.24 million, a P/E ratio of -15.75, a PEG ratio of 8.15 and a beta of 0.80.

Orion Group Company 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.