Orion Group Holdings, Inc. (NYSE:ORN) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP trimmed its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,753,099 shares of the construction company’s stock after selling 256,509 shares during the quarter. Brandes Investment Partners LP owned approximately 0.08% of Orion Group worth $26,244,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. G2 Investment Partners Management LLC raised its stake in shares of Orion Group by 715.1% during the 4th quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock worth $2,381,000 after buying an additional 422,842 shares during the period. Bank of New York Mellon Corp purchased a new position in Orion Group during the second quarter valued at $897,000. Empowered Funds LLC grew its position in shares of Orion Group by 8.2% in the first quarter. Empowered Funds LLC now owns 220,191 shares of the construction company’s stock valued at $1,806,000 after purchasing an additional 16,625 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Orion Group in the first quarter valued at about $83,000. Finally, Bailard Inc. acquired a new position in shares of Orion Group during the 2nd quarter worth about $323,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley increased their target price on Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a report on Tuesday, June 4th.

Insider Activity at Orion Group

In related news, EVP Edward Chipman Earle bought 15,633 shares of the stock in a transaction on Friday, September 13th. The stock was bought at an average price of $6.05 per share, with a total value of $94,579.65. Following the completion of the purchase, the executive vice president now directly owns 86,235 shares in the company, valued at approximately $521,721.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Orion Group news, Director Mary E. Sullivan purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $6.80 per share, with a total value of $68,000.00. Following the transaction, the director now directly 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 can be accessed through this link. Also, EVP Edward Chipman Earle acquired 15,633 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $6.05 per share, with a total value of $94,579.65. Following the purchase, the executive vice president now directly owns 86,235 shares in the company, valued at approximately $521,721.75. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 33,953 shares of company stock worth $216,658. Insiders own 7.30% of the company’s stock.

Orion Group Price Performance

ORN stock opened at $5.69 on Monday. Orion Group Holdings, Inc. has a 1 year low of $4.09 and a 1 year high of $12.12. 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 firm has a market capitalization of $189.88 million, a PE ratio of -16.26, a price-to-earnings-growth ratio of 7.44 and a beta of 0.83. The business has a 50 day simple moving average of $7.23 and a 200-day simple moving average of $8.32.

Orion Group (NYSE:ORN) last announced its quarterly earnings results 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). Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. The firm had revenue of $192.17 million for the quarter, compared to analyst estimates of $194.83 million. During the same period in the previous year, the firm posted ($0.14) EPS. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.03 earnings per share for the current fiscal year.

Orion Group 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.