Deutsche Bank AG Purchases 6,326 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Deutsche Bank AG lifted its position in Orion Group Holdings, Inc. (NYSE:ORN) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,225 shares of the construction company’s stock after acquiring an additional 6,326 shares during the quarter. Deutsche Bank AG’s holdings in Orion Group were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Corebridge Financial Inc. grew its stake in shares of Orion Group by 8.4% in the 4th quarter. Corebridge Financial Inc. now owns 18,043 shares of the construction company’s stock worth $132,000 after acquiring an additional 1,396 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Orion Group by 6.5% in the 4th quarter. Rhumbline Advisers now owns 36,138 shares of the construction company’s stock worth $265,000 after acquiring an additional 2,198 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Orion Group by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company’s stock worth $540,000 after acquiring an additional 3,432 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Orion Group by 16.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company’s stock worth $197,000 after acquiring an additional 3,728 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Orion Group by 43.0% in the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock worth $121,000 after acquiring an additional 4,978 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

Orion Group stock opened at $8.23 on Tuesday. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $12.12. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $6.77 and its 200 day simple moving average is $7.25. The company has a market cap of $325.53 million, a price-to-earnings ratio of -20.57, a PEG ratio of 1.10 and a beta of 0.91.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.12. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The business had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. B. Riley upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Wall Street Zen upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

Insiders Place Their Bets

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $8.67, for a total transaction of $260,100.00. Following the completion of the transaction, the director now owns 419,215 shares in the company, valued at $3,634,594.05. This trade represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.90% of the company’s stock.

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.