Two Sigma Investments LP Sells 22,614 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Two Sigma Investments LP decreased its position in Orion Group Holdings, Inc. (NYSE:ORN) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,400 shares of the construction company’s stock after selling 22,614 shares during the quarter. Two Sigma Investments LP’s holdings in Orion Group were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. CenterBook Partners LP acquired a new position in Orion Group in the 4th quarter valued at $4,695,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Orion Group in the fourth quarter valued at about $2,907,000. Ancora Advisors LLC increased its stake in shares of Orion Group by 76.1% in the fourth quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company’s stock worth $4,944,000 after purchasing an additional 291,550 shares during the period. Royce & Associates LP lifted its position in shares of 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 purchasing an additional 273,760 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Orion Group by 104.8% during the 4th quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company’s stock valued at $3,449,000 after purchasing an additional 240,757 shares during the period. Institutional investors own 70.25% of the company’s stock.

Orion Group Stock Performance

NYSE:ORN opened at $8.57 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. The firm’s 50-day moving average is $7.33 and its 200-day moving average is $7.28. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week high of $12.12. The company has a market cap of $338.98 million, a price-to-earnings ratio of -21.42, a PEG ratio of 1.10 and a beta of 0.99.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $188.65 million during the quarter, compared to the consensus estimate of $177.33 million. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORN. B. Riley reaffirmed a “buy” rating and issued a $11.50 target price (up previously from $9.00) on shares of Orion Group in a report on Tuesday. Wall Street Zen upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

Insider Activity at Orion Group

In related news, Director Austin J. Shanfelter sold 30,000 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $8.67, for a total value of $260,100.00. Following the sale, the director now owns 419,215 shares of the company’s stock, valued at $3,634,594.05. The trade was a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

About Orion Group

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.