ProShare Advisors LLC Purchases New Stake in Orion Group Holdings, Inc. (NYSE:ORN)

ProShare Advisors LLC purchased a new position in Orion Group Holdings, Inc. (NYSE:ORN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,221 shares of the construction company’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen Asset Management LLC grew its position in Orion Group by 104.8% during the fourth quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company’s stock valued at $3,449,000 after acquiring an additional 240,757 shares during the last quarter. Millennium Management LLC lifted its stake in Orion Group by 59.6% in the fourth quarter. Millennium Management LLC now owns 102,131 shares of the construction company’s stock worth $749,000 after acquiring an additional 38,123 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Orion Group by 20.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,474 shares of the construction company’s stock worth $150,000 after acquiring an additional 3,528 shares during the period. Lazard Asset Management LLC purchased a new stake in Orion Group in the fourth quarter worth $41,000. Finally, Graham Capital Management L.P. purchased a new position in Orion Group during the fourth quarter valued at $220,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Orion Group

In related news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $8.67, for a total value 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 trade represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORN has been the topic of a number of analyst reports. B. Riley raised Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. Wall Street Zen raised Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

Orion Group Stock Performance

NYSE ORN opened at $8.54 on Wednesday. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $12.12. 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 has a market capitalization of $337.87 million, a P/E ratio of -21.35, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91. The stock’s fifty day moving average is $6.83 and its two-hundred day moving average is $7.26.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. The firm had revenue of $188.65 million during the quarter, compared to analysts’ expectations of $177.33 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. On average, research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Orion Group 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.