Empowered Funds LLC Buys 12,730 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Empowered Funds LLC grew its position in Orion Group Holdings, Inc. (NYSE:ORN) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,021 shares of the construction company’s stock after buying an additional 12,730 shares during the quarter. Empowered Funds LLC’s holdings in Orion Group were worth $1,443,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

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

Insider Activity at Orion Group

In related news, EVP Edward Chipman Earle acquired 15,633 shares of Orion Group stock in a transaction on Friday, September 13th. The stock was bought at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the transaction, the executive vice president now owns 86,235 shares of the company’s stock, valued at approximately $521,721.75. The trade was a 22.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 7.30% of the stock is owned by company insiders.

Orion Group Stock Performance

ORN opened at $8.70 on Friday. The stock has a market cap of $338.55 million, a P/E ratio of -21.76, a P/E/G ratio of 3.61 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 fifty day moving average price of $6.44 and a 200 day moving average price of $7.87. Orion Group Holdings, Inc. has a 1 year low of $4.09 and a 1 year high of $12.12.

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.