Orion Group Holdings, Inc. $ORN Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its position in Orion Group Holdings, Inc. (NYSE:ORN) by 21.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 684,958 shares of the construction company’s stock after selling 183,369 shares during the period. American Century Companies Inc. owned approximately 1.72% of Orion Group worth $6,213,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. bought a new position in Orion Group in the 1st quarter worth approximately $2,311,000. Nuveen LLC acquired a new position in Orion Group during the 1st quarter worth $1,813,000. JPMorgan Chase & Co. grew its stake in shares of Orion Group by 727.0% in the second quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock worth $2,569,000 after purchasing an additional 248,988 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Orion Group by 64.2% in the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock worth $2,513,000 after purchasing an additional 187,819 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Orion Group by 30.7% during the first quarter. Russell Investments Group Ltd. now owns 684,527 shares of the construction company’s stock valued at $3,580,000 after purchasing an additional 160,861 shares during the period. Institutional investors own 70.25% of the company’s stock.

Orion Group Stock Performance

ORN opened at $10.26 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The firm has a market cap of $409.41 million, a PE ratio of 44.61, a P/E/G ratio of 4.56 and a beta of 1.20. The business has a fifty day simple moving average of $9.34 and a 200-day simple moving average of $8.55. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $11.49.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Wednesday, September 20th. The construction company reported ($0.03) earnings per share for the quarter. The company had revenue of $194.58 million during the quarter. Orion Group had a net margin of 1.13% and a return on equity of 6.88%. As a group, equities analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on ORN shares. Zacks Research cut shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Wall Street Zen cut Orion Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

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.