Jane Street Group LLC Sells 6,852 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Jane Street Group LLC reduced its position in Orion Group Holdings, Inc. (NYSE:ORN) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,063 shares of the construction company’s stock after selling 6,852 shares during the quarter. Jane Street Group LLC owned about 0.05% of Orion Group worth $122,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in Orion Group in the third quarter valued at about $2,318,000. State Street Corp raised its position in Orion Group by 27.3% in the third quarter. State Street Corp now owns 552,152 shares of the construction company’s stock valued at $3,186,000 after purchasing an additional 118,296 shares during the last quarter. Portolan Capital Management LLC boosted its position in Orion Group by 56.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock worth $11,455,000 after buying an additional 717,533 shares during the period. Verition Fund Management LLC acquired a new position in Orion Group in the 3rd quarter valued at approximately $199,000. Finally, De Lisle Partners LLP raised its stake in shares of Orion Group by 15.0% during the third quarter. De Lisle Partners LLP now owns 375,144 shares of the construction company’s stock valued at $2,145,000 after acquiring an additional 48,902 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analyst Ratings Changes

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

Orion Group Stock Performance

NYSE:ORN opened at $7.06 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group Holdings, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $12.12. The company has a 50 day simple moving average of $7.99 and a two-hundred day simple moving average of $7.49. The company has a market capitalization of $274.64 million, a PE ratio of -17.65, a P/E/G ratio of 3.44 and a beta of 0.94.

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.