Nationwide Fund Advisors Lowers Stake in Orion Group Holdings Inc (ORN)

Nationwide Fund Advisors cut its position in shares of Orion Group Holdings Inc (NYSE:ORN) by 28.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,703 shares of the construction company’s stock after selling 17,467 shares during the period. Nationwide Fund Advisors owned about 0.15% of Orion Group worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Orion Group by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock valued at $14,704,000 after purchasing an additional 159,616 shares during the period. State Street Corp increased its position in shares of Orion Group by 7.0% during the second quarter. State Street Corp now owns 676,107 shares of the construction company’s stock valued at $5,049,000 after purchasing an additional 44,198 shares during the period. Northern Trust Corp increased its position in shares of Orion Group by 8.0% during the second quarter. Northern Trust Corp now owns 322,745 shares of the construction company’s stock valued at $2,411,000 after purchasing an additional 23,798 shares during the period. Principal Financial Group Inc. increased its position in shares of Orion Group by 0.5% during the second quarter. Principal Financial Group Inc. now owns 211,382 shares of the construction company’s stock valued at $1,579,000 after purchasing an additional 986 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Orion Group by 32.6% during the second quarter. Ameriprise Financial Inc. now owns 204,748 shares of the construction company’s stock valued at $1,529,000 after purchasing an additional 50,318 shares during the period. Institutional investors and hedge funds own 85.48% of the company’s stock.

Shares of Orion Group Holdings Inc (NYSE:ORN) opened at $7.58 on Thursday. Orion Group Holdings Inc has a 1 year low of $5.17 and a 1 year high of $11.11. The firm has a market capitalization of $213.75, a price-to-earnings ratio of -13.54 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 1.44.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). Orion Group had a negative net margin of 2.76% and a negative return on equity of 2.96%. The company had revenue of $140.20 million during the quarter, compared to the consensus estimate of $166.08 million. During the same quarter last year, the company earned $0.17 earnings per share. The business’s revenue was down 14.5% on a year-over-year basis. equities research analysts anticipate that Orion Group Holdings Inc will post -0.24 EPS for the current fiscal year.

A number of research firms have recently issued reports on ORN. Zacks Investment Research cut Orion Group from a “hold” rating to a “sell” rating in a research report on Tuesday. B. Riley reiterated a “buy” rating and issued a $10.00 price target on shares of Orion Group in a research report on Monday, December 11th. ValuEngine cut Orion Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Canaccord Genuity upgraded Orion Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Orion Group presently has an average rating of “Hold” and a consensus price target of $9.00.

In other Orion Group news, insider Mark R. Stauffer sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $7.56, for a total value of $151,200.00. Following the transaction, the insider now owns 362,631 shares of the company’s stock, valued at $2,741,490.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Austin J. Shanfelter sold 9,721 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $7.50, for a total value of $72,907.50. Following the completion of the transaction, the director now directly owns 31,430 shares in the company, valued at approximately $235,725. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company’s stock.

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Orion Group Company Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

Institutional Ownership by Quarter for Orion Group (NYSE:ORN)

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