US Bancorp DE Decreases Stock Position in Orion Group Holdings, Inc. (NYSE:ORN)

US Bancorp DE lowered its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,310 shares of the construction company’s stock after selling 8,135 shares during the quarter. US Bancorp DE owned about 0.47% of Orion Group worth $885,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ORN. Lazard Asset Management LLC purchased a new stake in Orion Group in the 1st quarter worth $41,000. SG Americas Securities LLC purchased a new stake in Orion Group in the 3rd quarter worth $67,000. Oppenheimer Asset Management Inc. purchased a new stake in Orion Group in the 1st quarter worth $83,000. Valmark Advisers Inc. purchased a new stake in Orion Group in the 2nd quarter worth $107,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Orion Group in the 2nd quarter worth $115,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Orion Group

In other Orion Group news, EVP Edward Chipman Earle bought 15,633 shares of Orion Group stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the acquisition, the executive vice president now directly owns 86,235 shares in the company, valued at approximately $521,721.75. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 7.30% of the company’s stock.

Orion Group Stock Performance

Orion Group stock opened at $7.62 on Friday. The company’s 50-day moving average price is $6.14 and its 200-day moving average price is $7.82. Orion Group Holdings, Inc. has a twelve month low of $4.09 and a twelve month 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. The company has a market cap of $296.42 million, a PE ratio of -19.05, a price-to-earnings-growth ratio of 3.30 and a beta of 0.80.

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.