BNP Paribas Financial Markets Buys 67,332 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

BNP Paribas Financial Markets grew its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 1,140.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 73,235 shares of the construction company’s stock after purchasing an additional 67,332 shares during the quarter. BNP Paribas Financial Markets’ holdings in Orion Group were worth $423,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ORN. Intech Investment Management LLC bought a new position in shares of Orion Group during the third quarter valued at $63,000. SG Americas Securities LLC bought a new position in shares of Orion Group during the third quarter valued at $67,000. Valmark Advisers Inc. bought a new position in shares of Orion Group during the second quarter valued at $107,000. The Manufacturers Life Insurance Company bought a new position in shares of Orion Group during the second quarter valued at $115,000. Finally, Quantbot Technologies LP bought a new position in shares of Orion Group during the third quarter valued at $120,000. 70.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Orion Group Stock Performance

NYSE:ORN opened at $8.16 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a 12-month low of $4.09 and a 12-month high of $12.12. The stock has a 50-day moving average price of $7.26 and a 200 day moving average price of $7.86. The stock has a market capitalization of $317.42 million, a P/E ratio of -20.40, a P/E/G ratio of 3.64 and a beta of 0.89.

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.