Geode Capital Management LLC Grows Stock Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Geode Capital Management LLC lifted its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 676,917 shares of the construction company’s stock after acquiring an additional 10,098 shares during the quarter. Geode Capital Management LLC owned approximately 1.74% of Orion Group worth $3,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of Orion Group in the second quarter valued at about $897,000. Rhumbline Advisers bought a new stake in shares of Orion Group in the 2nd quarter valued at about $349,000. ClariVest Asset Management LLC lifted its position in shares of Orion Group by 11.3% in the 2nd quarter. ClariVest Asset Management LLC now owns 136,376 shares of the construction company’s stock worth $1,297,000 after purchasing an additional 13,854 shares during the period. American Century Companies Inc. boosted its stake in shares of Orion Group by 311.9% during the second quarter. American Century Companies Inc. now owns 453,461 shares of the construction company’s stock valued at $4,312,000 after purchasing an additional 343,368 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Orion Group by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company’s stock valued at $17,907,000 after buying an additional 46,079 shares during the period. Institutional investors own 70.25% of the company’s stock.

Orion Group Stock Performance

ORN stock opened at $7.68 on Tuesday. Orion Group Holdings, Inc. has a one year low of $4.41 and a one year high of $12.12. The firm has a market cap of $298.76 million, a price-to-earnings ratio of -19.20, a PEG ratio of 3.44 and a beta of 0.94. 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 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $7.56.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

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.