Orion Group Holdings, Inc. (NYSE:ORN) Stock Position Increased by Royce & Associates LP

Royce & Associates LP boosted its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,749,785 shares of the construction company’s stock after buying an additional 200,420 shares during the quarter. Royce & Associates LP owned 4.50% of Orion Group worth $10,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in shares of Orion Group in the 1st quarter valued at approximately $41,000. SG Americas Securities LLC acquired a new stake in shares of Orion Group during the 3rd quarter worth approximately $67,000. Valmark Advisers Inc. bought a new stake in shares of Orion Group during the second quarter valued at approximately $107,000. The Manufacturers Life Insurance Company bought a new stake in Orion Group in the 2nd quarter valued at $115,000. Finally, Perkins Capital Management Inc. acquired a new position in Orion Group in the third quarter worth about $173,000. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Orion Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

Insider Buying and Selling

In other news, EVP Edward Chipman Earle bought 15,633 shares of the stock in a transaction on Friday, September 13th. The stock was purchased 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 in the company, valued at approximately $521,721.75. This trade represents a 22.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.30% of the stock is owned by insiders.

Orion Group Trading Down 2.6 %

ORN opened at $7.57 on Friday. Orion Group Holdings, Inc. has a fifty-two week low of $4.09 and a fifty-two week high of $12.12. The company has a market cap of $294.48 million, a price-to-earnings ratio of -18.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a 50 day simple moving average of $6.24 and a 200 day simple moving average of $7.85.

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.