Barclays PLC Grows Position in Orion Group Holdings, Inc. (NYSE:ORN)

Barclays PLC boosted its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 29.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,560 shares of the construction company’s stock after acquiring an additional 9,966 shares during the period. Barclays PLC owned about 0.11% of Orion Group worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ORN. Intech Investment Management LLC purchased a new position in shares of Orion Group in the 3rd quarter valued at $63,000. SG Americas Securities LLC bought a new stake in Orion Group during the third quarter valued at about $67,000. The Manufacturers Life Insurance Company purchased a new position in Orion Group in the second quarter valued at about $115,000. Quantbot Technologies LP bought a new stake in shares of Orion Group in the 3rd quarter valued at about $120,000. Finally, Perkins Capital Management Inc. purchased a new position in shares of Orion Group in the 3rd quarter worth approximately $173,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Stock Performance

Shares of Orion Group stock opened at $7.99 on Tuesday. The company has a 50 day moving average price of $7.96 and a 200 day moving average price of $7.44. The firm has a market capitalization of $310.62 million, a P/E ratio of -19.96, a PEG ratio of 0.97 and a beta of 0.94. Orion Group Holdings, Inc. has a 52 week low of $4.87 and a 52 week high of $12.12. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. DA Davidson assumed coverage on Orion Group in a research report on Friday. They issued a “buy” rating and a $11.00 price objective for the company.

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.