D. E. Shaw & Co. Inc. Buys 17,934 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

D. E. Shaw & Co. Inc. increased its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,260 shares of the construction company’s stock after acquiring an additional 17,934 shares during the period. D. E. Shaw & Co. Inc. owned about 0.21% of Orion Group worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Orion Group during the fourth quarter worth about $49,000. Quarry LP bought a new position in Orion Group during the 4th quarter valued at approximately $52,000. Perritt Capital Management Inc purchased a new stake in Orion Group in the 4th quarter worth approximately $73,000. Aigen Investment Management LP purchased a new stake in Orion Group in the 4th quarter worth approximately $80,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Orion Group in the 4th quarter worth approximately $88,000. Institutional investors own 70.25% of the company’s stock.

Insider Activity at Orion Group

In other news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group stock in a transaction that occurred on 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 sale, the director now owns 419,215 shares of the company’s stock, valued at approximately $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 accessible through this link. 5.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORN has been the topic of a number of research reports. B. Riley raised 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.

Orion Group Stock Up 1.3%

ORN opened at $8.11 on Monday. The firm’s 50 day simple moving average is $6.48 and its two-hundred day simple moving average is $7.23. The company has a market capitalization of $320.82 million, a PE ratio of -20.28, a PEG ratio of 1.10 and a beta of 0.91. Orion Group Holdings, Inc. has a 1-year low of $4.64 and a 1-year 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.

Orion Group (NYSE:ORN) last released its earnings results 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 net margin of 1.63% and a negative return on equity of 0.71%. The company had revenue of $188.65 million for the quarter, compared to analysts’ expectations of $177.33 million. As a group, equities analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

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.