The Manufacturers Life Insurance Company Invests $115,000 in Orion Group Holdings, Inc. (NYSE:ORN)

The Manufacturers Life Insurance Company acquired a new stake in Orion Group Holdings, Inc. (NYSE:ORN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,115 shares of the construction company’s stock, valued at approximately $115,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GDS Wealth Management boosted its position in Orion Group by 8.4% during the 2nd quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock worth $488,000 after acquiring an additional 4,000 shares during the last quarter. Lazard Asset Management LLC bought a new position in Orion Group in the first quarter valued at $41,000. Oppenheimer Asset Management Inc. bought a new position in Orion Group in the first quarter valued at $83,000. Valmark Advisers Inc. acquired a new stake in Orion Group in the 2nd quarter valued at $107,000. Finally, ClariVest Asset Management LLC lifted its position in Orion Group by 11.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 136,376 shares of the construction company’s stock worth $1,297,000 after buying an additional 13,854 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Trading Up 4.4 %

Orion Group stock opened at $5.90 on Monday. The company has a market cap of $193.85 million, a price-to-earnings ratio of -16.86, a P/E/G ratio of 7.51 and a beta of 0.81. The firm has a 50-day moving average of $6.47 and a 200-day moving average of $8.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 1.32. Orion Group Holdings, Inc. has a one year low of $4.09 and a one year high of $12.12.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.19). The company had revenue of $192.17 million for the quarter, compared to analyst estimates of $194.83 million. Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. During the same period last year, the company posted ($0.14) earnings per share. On average, equities analysts expect that Orion Group Holdings, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Edward Chipman Earle purchased 15,633 shares of the company’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $6.05 per share, with a total value of $94,579.65. Following the completion of the transaction, the executive vice president now owns 86,235 shares of the company’s stock, valued at $521,721.75. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Orion Group news, Director Mary E. Sullivan bought 10,000 shares of Orion Group stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $6.80 per share, for a total transaction of $68,000.00. Following the purchase, the director now owns 256,187 shares of the company’s stock, valued at $1,742,071.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward Chipman Earle bought 15,633 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the acquisition, the executive vice president now directly owns 86,235 shares in the company, valued at $521,721.75. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 33,953 shares of company stock valued at $216,658. 7.30% of the stock is owned by insiders.

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.