Brandes Investment Partners LP Increases Holdings in Orion Group Holdings, Inc. $ORN

Brandes Investment Partners LP raised its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,010,193 shares of the construction company’s stock after buying an additional 56,663 shares during the quarter. Brandes Investment Partners LP owned about 12.56% of Orion Group worth $49,801,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in Orion Group during the third quarter valued at $33,000. Comerica Bank raised its stake in shares of Orion Group by 219.7% in the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock worth $43,000 after purchasing an additional 3,562 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Orion Group in the third quarter worth $86,000. Millennium Management LLC purchased a new position in shares of Orion Group in the third quarter worth $91,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Orion Group in the third quarter worth $92,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Stock Performance

Shares of ORN opened at $13.81 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $13.16 and a two-hundred day simple moving average of $12.04. The stock has a market cap of $558.95 million, a price-to-earnings ratio of 65.76 and a beta of 1.37. Orion Group Holdings, Inc. has a 52 week low of $6.44 and a 52 week high of $15.85.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 EPS for the quarter. The business had revenue of $216.30 million during the quarter, compared to analysts’ expectations of $198.13 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. On average, analysts expect that Orion Group Holdings, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Zacks Research upgraded Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. B. Riley Financial boosted their price target on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Roth Mkm assumed coverage on Orion Group in a research note on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price target for the company. Finally, Wall Street Zen upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $17.00.

Insider Buying and Selling

In other Orion Group news, Director Margaret M. Foran sold 10,695 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $15.70, for a total value of $167,911.50. Following the completion of the sale, the director owned 116,846 shares in the company, valued at $1,834,482.20. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 40,695 shares of company stock valued at $606,512 in the last three months. Corporate insiders own 5.70% of the company’s stock.

Orion Group Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.