Orion Group Holdings, Inc. (NYSE:ORN) Shares Bought by ClariVest Asset Management LLC

ClariVest Asset Management LLC lifted its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,376 shares of the construction company’s stock after acquiring an additional 13,854 shares during the quarter. ClariVest Asset Management LLC’s holdings in Orion Group were worth $1,297,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. G2 Investment Partners Management LLC boosted its position in shares of Orion Group by 715.1% in the 4th quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock valued at $2,381,000 after purchasing an additional 422,842 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Orion Group by 806.6% in the first quarter. Assenagon Asset Management S.A. now owns 256,865 shares of the construction company’s stock worth $2,106,000 after buying an additional 228,533 shares during the period. Gendell Jeffrey L increased its position in shares of Orion Group by 25.2% in the first quarter. Gendell Jeffrey L now owns 819,566 shares of the construction company’s stock worth $6,720,000 after acquiring an additional 164,755 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Orion Group during the second quarter valued at approximately $897,000. Finally, Rhumbline Advisers purchased a new stake in shares of Orion Group in the 2nd quarter valued at approximately $349,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley lifted their price objective on shares of Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a research report on Tuesday, June 4th.

Orion Group Price Performance

Shares of ORN opened at $5.73 on Thursday. The business’s 50-day moving average is $8.10 and its 200-day moving average is $8.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 1.32. The company has a market capitalization of $188.26 million, a price-to-earnings ratio of -16.37, a P/E/G ratio of 3.96 and a beta of 0.83. Orion Group Holdings, Inc. has a fifty-two week low of $4.09 and a fifty-two week high of $12.12.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.19). The company had revenue of $192.17 million during the quarter, compared to analyst estimates of $194.83 million. Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. During the same quarter in the prior year, the company posted ($0.14) EPS. Equities research analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Insider Transactions at Orion Group

In other news, CEO Travis J. Boone acquired 3,700 shares of Orion Group stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $6.79 per share, with a total value of $25,123.00. Following the completion of the transaction, the chief executive officer now owns 488,719 shares in the company, valued at $3,318,402.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Mary E. Sullivan acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $6.80 per share, for a total transaction of $68,000.00. Following the completion of the acquisition, the director now owns 256,187 shares of the company’s stock, valued at approximately $1,742,071.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Travis J. Boone bought 3,700 shares of Orion Group stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $6.79 per share, with a total value of $25,123.00. Following the completion of the purchase, the chief executive officer now directly owns 488,719 shares of the company’s stock, valued at $3,318,402.01. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 14,200 shares of company stock valued at $97,358. 7.30% of the stock is owned by insiders.

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.