First Eagle Investment Management LLC Sells 44,174 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

First Eagle Investment Management LLC reduced its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 14.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 253,975 shares of the construction company’s stock after selling 44,174 shares during the period. First Eagle Investment Management LLC owned approximately 0.77% of Orion Group worth $2,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new stake in Orion Group during the first quarter worth about $41,000. Jump Financial LLC bought a new stake in Orion Group in the 4th quarter worth approximately $82,000. Oppenheimer Asset Management Inc. purchased a new stake in Orion Group in the first quarter worth approximately $83,000. Valmark Advisers Inc. bought a new position in Orion Group during the second quarter valued at approximately $107,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Orion Group during the first quarter worth approximately $197,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Orion Group news, CEO Travis J. Boone purchased 3,700 shares of Orion Group stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $6.79 per share, for a total transaction of $25,123.00. Following the acquisition, the chief executive officer now directly owns 488,719 shares in the company, valued at $3,318,402.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Orion Group news, Director Mary E. Sullivan bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $6.80 per share, for a total transaction of $68,000.00. Following the completion of the acquisition, the director now directly owns 256,187 shares in the company, valued at $1,742,071.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Travis J. Boone purchased 3,700 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $6.79 per share, for a total transaction of $25,123.00. Following the acquisition, the chief executive officer now owns 488,719 shares of the company’s stock, valued at $3,318,402.01. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 33,953 shares of company stock valued at $216,658. Insiders own 7.30% of the company’s stock.

Orion Group Trading Down 0.6 %

NYSE ORN opened at $6.61 on Friday. The stock has a 50-day moving average of $7.83 and a 200-day moving average of $8.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 1.32. Orion Group Holdings, Inc. has a 1-year low of $4.09 and a 1-year high of $12.12.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, July 24th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.19). Orion Group had a negative return on equity of 4.81% and a negative net margin of 2.45%. The firm had revenue of $192.17 million during the quarter, compared to the consensus estimate of $194.83 million. During the same quarter in the prior year, the business posted ($0.14) EPS. Research analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price objective on shares of Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a research note on Tuesday, June 4th.

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.