Wellington Management Group LLP Invests $2.32 Million in Orion Group Holdings, Inc. (NYSE:ORN)

Wellington Management Group LLP acquired a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 401,700 shares of the construction company’s stock, valued at approximately $2,318,000.

A number of other hedge funds have also recently bought and sold shares of ORN. Bank of New York Mellon Corp purchased a new position in shares of Orion Group during the 2nd quarter worth $897,000. Bailard Inc. acquired a new position in Orion Group in the second quarter valued at $323,000. Valmark Advisers Inc. purchased a new position in Orion Group during the second quarter worth about $107,000. Rhumbline Advisers acquired a new stake in Orion Group in the 2nd quarter worth about $349,000. Finally, ClariVest Asset Management LLC grew its holdings in Orion Group by 11.3% in the 2nd quarter. ClariVest Asset Management LLC now owns 136,376 shares of the construction company’s stock valued at $1,297,000 after buying an additional 13,854 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Orion Group Trading Down 7.1 %

Shares of ORN opened at $7.54 on Thursday. Orion Group Holdings, Inc. has a twelve month low of $4.40 and a twelve month high of $12.12. The firm has a market capitalization of $293.31 million, a P/E ratio of -18.85, a price-to-earnings-growth ratio of 3.44 and a beta of 0.89. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $7.37 and its 200 day simple moving average is $7.81.

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.