Wellington Management Group LLP Takes Position in Orion Group Holdings, Inc. (NYSE:ORN)

Wellington Management Group LLP acquired a new stake in 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 401,700 shares of the construction company’s stock, valued at approximately $2,318,000. Wellington Management Group LLP owned 1.03% of Orion Group as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GDS Wealth Management lifted its position in shares of Orion Group by 8.4% during the 2nd quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock valued at $488,000 after acquiring an additional 4,000 shares during the period. Atria Investments Inc increased its stake in Orion Group by 14.6% in the 3rd quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock valued at $284,000 after purchasing an additional 6,285 shares in the last quarter. Northeast Financial Consultants Inc raised its holdings in Orion Group by 7.9% during the second quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock worth $1,389,000 after purchasing an additional 10,695 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Orion Group during the third quarter worth $63,000. Finally, Valmark Advisers Inc. purchased a new position in shares of Orion Group in the second quarter valued at $107,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

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

Orion Group Trading Down 7.1 %

Shares of Orion Group stock opened at $7.54 on Thursday. Orion Group Holdings, Inc. has a 1 year low of $4.40 and a 1 year high of $12.12. 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 business has a 50 day moving average price of $7.37 and a 200 day moving average price of $7.81. The company has a market capitalization of $293.31 million, a P/E ratio of -18.85, a P/E/G ratio of 3.44 and a beta of 0.89.

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.