Intech Investment Management LLC Purchases New Shares in Orion Group Holdings, Inc. (NYSE:ORN)

Intech Investment Management LLC acquired a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,002 shares of the construction company’s stock, valued at approximately $63,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ORN. SG Americas Securities LLC bought a new position in shares of Orion Group during the 3rd quarter valued at approximately $67,000. Valmark Advisers Inc. purchased a new stake in shares of Orion Group in the second quarter valued at $107,000. The Manufacturers Life Insurance Company bought a new stake in shares of Orion Group in the 2nd quarter worth about $115,000. Perkins Capital Management Inc. bought a new stake in shares of Orion Group in the 3rd quarter worth about $173,000. Finally, Atria Investments Inc boosted its stake in shares of Orion Group by 14.6% during the 3rd quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock worth $284,000 after purchasing an additional 6,285 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Orion Group Stock Performance

Shares of Orion Group stock opened at $8.52 on Monday. 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 stock’s fifty day moving average is $7.02 and its two-hundred day moving average is $7.87. Orion Group Holdings, Inc. has a 52 week low of $4.09 and a 52 week high of $12.12. The company has a market capitalization of $331.44 million, a PE ratio of -21.30, a price-to-earnings-growth ratio of 3.75 and a beta of 0.89.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, EVP Edward Chipman Earle purchased 15,633 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the acquisition, the executive vice president now owns 86,235 shares of the company’s stock, valued at approximately $521,721.75. This trade represents a 22.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.30% of the stock is currently owned by insiders.

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.