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

Deutsche Bank AG boosted its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,225 shares of the construction company’s stock after acquiring an additional 6,326 shares during the quarter. Deutsche Bank AG owned 0.08% of Orion Group worth $222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Corebridge Financial Inc. lifted its position 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 purchasing an additional 1,396 shares during the period. Rhumbline Advisers lifted its position 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 purchasing an additional 2,198 shares during the period. Bank of New York Mellon Corp lifted its position 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 purchasing an additional 3,432 shares during the period. Envestnet Asset Management Inc. lifted its position 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 purchasing an additional 3,728 shares during the period. Finally, SG Americas Securities LLC lifted its position 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 purchasing an additional 4,978 shares during the period. 70.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 419,215 shares in the company, valued at approximately $3,634,594.05. This represents a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.90% of the company’s stock.

Orion Group Stock Down 0.1%

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

Orion Group (NYSE:ORN) last released its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. As a group, sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.