Empowered Funds LLC Lowers Position in Orion Group Holdings, Inc. (NYSE:ORN)

Empowered Funds LLC decreased its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 53.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 117,500 shares of the construction company’s stock after selling 132,521 shares during the period. Empowered Funds LLC owned about 0.30% of Orion Group worth $861,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ORN. The Manufacturers Life Insurance Company bought a new position in shares of Orion Group during the second quarter valued at approximately $115,000. SG Americas Securities LLC purchased a new stake in shares of Orion Group in the 3rd quarter worth approximately $67,000. Harbor Capital Advisors Inc. bought a new position in Orion Group during the 3rd quarter valued at approximately $1,873,000. Perkins Capital Management Inc. purchased a new position in Orion Group during the third quarter valued at $173,000. Finally, Atria Investments Inc grew its stake in shares of Orion Group by 14.6% in the third quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock worth $284,000 after acquiring an additional 6,285 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Orion Group Trading Down 3.1 %

Shares of NYSE:ORN opened at $7.91 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The company has a market cap of $307.70 million, a P/E ratio of -19.77, a PEG ratio of 1.18 and a beta of 0.93. The stock’s fifty day moving average price is $7.82 and its 200-day moving average price is $7.24. Orion Group Holdings, Inc. has a 1 year low of $5.23 and a 1 year high of $12.12.

Analyst Upgrades and Downgrades

ORN has been the subject of several recent analyst reports. DA Davidson started coverage on Orion Group in a research report on Friday, January 17th. They issued a “buy” rating and a $11.00 price target for the company. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

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.