State Street Corp Raises Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

State Street Corp grew its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 27.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 552,152 shares of the construction company’s stock after buying an additional 118,296 shares during the quarter. State Street Corp’s holdings in Orion Group were worth $3,186,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GDS Wealth Management lifted its holdings in Orion Group by 8.4% in the second quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock valued at $488,000 after acquiring an additional 4,000 shares during the period. Atria Investments Inc lifted its stake in shares of Orion Group by 14.6% in the third quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock valued at $284,000 after purchasing an additional 6,285 shares during the period. Northeast Financial Consultants Inc lifted its stake in shares of Orion Group by 7.9% in the second quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock valued at $1,389,000 after purchasing an additional 10,695 shares during the period. Intech Investment Management LLC purchased a new stake in Orion Group during the third quarter worth about $63,000. Finally, Valmark Advisers Inc. acquired a new position in Orion Group during the second quarter worth about $107,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Orion Group Stock Down 0.3 %

ORN opened at $7.51 on Tuesday. The business’s fifty day simple moving average is $7.66 and its 200 day simple moving average is $7.67. Orion Group Holdings, Inc. has a 52 week low of $4.41 and a 52 week high of $12.12. The firm has a market cap of $292.15 million, a P/E ratio of -18.77, a PEG ratio of 3.44 and a beta of 0.89. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

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.