Boston Partners Sells 365,063 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Boston Partners trimmed its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 81.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,046 shares of the construction company’s stock after selling 365,063 shares during the quarter. Boston Partners’ holdings in Orion Group were worth $609,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Brandes Investment Partners LP boosted its stake in shares of Orion Group by 3.8% during the fourth quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company’s stock valued at $25,143,000 after purchasing an additional 126,696 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Orion Group by 15.6% during the fourth quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company’s stock valued at $14,833,000 after purchasing an additional 273,760 shares in the last quarter. Portolan Capital Management LLC boosted its stake in shares of Orion Group by 56.6% during the third quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock valued at $11,455,000 after purchasing an additional 717,533 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Orion Group by 1.5% during the third quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company’s stock valued at $3,907,000 after purchasing an additional 10,098 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Orion Group by 27.3% during the third quarter. State Street Corp now owns 552,152 shares of the construction company’s stock valued at $3,186,000 after purchasing an additional 118,296 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Price Performance

Orion Group stock opened at $5.77 on Friday. The stock’s 50 day moving average is $7.17 and its 200 day moving average is $7.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a market cap of $224.97 million, a P/E ratio of -14.42, a P/E/G ratio of 1.10 and a beta of 0.93. Orion Group Holdings, Inc. has a one year low of $4.85 and a one year high of $12.12.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. During the same period in the previous year, the firm earned $0.08 earnings per share. As a group, research analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on ORN. DA Davidson began coverage on Orion Group in a research note on Friday, January 17th. They set a “buy” rating and a $11.00 price target on the stock. StockNews.com lowered Orion Group from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, B. Riley raised Orion Group to a “strong-buy” rating in a research note on Tuesday, March 18th.

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.