Boston Partners Has $609,000 Stock Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Boston Partners decreased its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 81.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,046 shares of the construction company’s stock after selling 365,063 shares during the quarter. Boston Partners owned approximately 0.21% of Orion Group worth $609,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in Orion Group by 15.6% during the 4th quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company’s stock worth $14,833,000 after buying an additional 273,760 shares during the period. Monimus Capital Management LP bought a new position in Orion Group during the 4th quarter worth $930,000. Brandes Investment Partners LP increased its position in Orion Group by 3.8% during the 4th quarter. Brandes Investment Partners LP now owns 3,430,089 shares of the construction company’s stock worth $25,143,000 after buying an additional 126,696 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Orion Group during the 4th quarter worth $1,074,000. Finally, Raymond James Financial Inc. bought a new position in Orion Group during the 4th quarter worth $88,000. Institutional investors own 70.25% of the company’s stock.

Orion Group Stock Down 2.0 %

Shares of NYSE ORN opened at $5.77 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group Holdings, Inc. has a 52 week low of $4.85 and a 52 week high of $12.12. The stock has a market capitalization of $224.97 million, a P/E ratio of -14.42, a PEG ratio of 1.10 and a beta of 0.93. The stock’s fifty day moving average is $7.17 and its 200 day moving average is $7.09.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The company had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. During the same quarter last year, the business earned $0.08 earnings per share. Sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ORN. DA Davidson began coverage on Orion Group in a research report on Friday, January 17th. They set a “buy” rating and a $11.00 price objective on the stock. B. Riley upgraded Orion Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, StockNews.com cut Orion Group from a “buy” rating to a “hold” rating in a research report on Sunday.

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.