Van Den Berg Management I Inc. lowered its position in shares of Orion Group Holdings Inc (NYSE:ORN) by 14.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,189,540 shares of the construction company’s stock after selling 205,015 shares during the period. Van Den Berg Management I Inc. owned about 4.22% of Orion Group worth $9,314,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Voya Investment Management LLC grew its position in Orion Group by 21.6% during the 2nd quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock worth $134,000 after acquiring an additional 3,175 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of Orion Group in the 2nd quarter valued at about $143,000. The Manufacturers Life Insurance Company grew its position in shares of Orion Group by 17.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,887 shares of the construction company’s stock valued at $186,000 after buying an additional 3,721 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Orion Group in the 4th quarter valued at about $188,000. Finally, Wells Fargo & Company MN grew its position in shares of Orion Group by 69.6% in the 3rd quarter. Wells Fargo & Company MN now owns 32,271 shares of the construction company’s stock valued at $212,000 after buying an additional 13,240 shares during the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.
In related news, insider Mark R. Stauffer sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $7.56, for a total transaction of $151,200.00. Following the sale, the insider now owns 362,631 shares in the company, valued at approximately $2,741,490.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.00% of the stock is owned by corporate insiders.
Orion Group (NYSE:ORN) last announced its earnings results on Thursday, March 8th. The construction company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.07 by $0.12. Orion Group had a negative return on equity of 1.74% and a net margin of 0.07%. The company had revenue of $162.20 million for the quarter, compared to analyst estimates of $176.06 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. analysts forecast that Orion Group Holdings Inc will post 0.2 earnings per share for the current year.
A number of research firms have commented on ORN. Noble Financial began coverage on Orion Group in a research report on Thursday, January 25th. They issued a “buy” rating and a $10.00 price target on the stock. Zacks Investment Research upgraded Orion Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. ValuEngine lowered Orion Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $9.00 price target on shares of Orion Group in a research report on Thursday. Finally, B. Riley reiterated a “buy” rating and issued a $10.00 price target on shares of Orion Group in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $9.75.
About Orion Group
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.
Receive News & Ratings for Orion Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Group and related companies with MarketBeat.com's FREE daily email newsletter.