Charles Schwab Investment Management Inc. Acquires 14,880 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Charles Schwab Investment Management Inc. raised its position in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,845 shares of the construction company’s stock after purchasing an additional 14,880 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.27% of Orion Group worth $761,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Orion Group by 27.3% in the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company’s stock worth $3,186,000 after purchasing an additional 118,296 shares during the period. Wellington Management Group LLP bought a new position in shares of Orion Group during the third quarter valued at about $2,318,000. JPMorgan Chase & Co. grew its stake in shares of Orion Group by 930.2% in the third quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock worth $776,000 after purchasing an additional 121,507 shares during the last quarter. Geode Capital Management LLC increased its holdings in Orion Group by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company’s stock valued at $3,907,000 after purchasing an additional 10,098 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Orion Group in the 3rd quarter worth approximately $63,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Orion Group Stock Performance

Shares of ORN stock opened at $5.34 on Monday. The company has a market capitalization of $208.01 million, a price-to-earnings ratio of -13.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The company’s 50-day moving average is $7.01 and its 200 day moving average is $7.06. Orion Group Holdings, Inc. has a one year low of $4.85 and a one year high of $12.12. 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 (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The firm had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. During the same period in the previous year, the firm earned $0.08 EPS. Sell-side analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

ORN has been the topic of several recent analyst reports. DA Davidson assumed coverage on shares of Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 price target on the stock. B. Riley raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, StockNews.com cut Orion Group from a “buy” rating to a “hold” rating in a research report on Sunday, March 23rd.

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.