Brandes Investment Partners LP Acquires 37,379 Shares of Orion Group Holdings Inc (ORN)

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Brandes Investment Partners LP grew its holdings in shares of Orion Group Holdings Inc (NYSE:ORN) by 46.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,674 shares of the construction company’s stock after purchasing an additional 37,379 shares during the period. Brandes Investment Partners LP owned about 0.41% of Orion Group worth $505,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of Orion Group by 6.4% during the 4th quarter. Arizona State Retirement System now owns 44,609 shares of the construction company’s stock worth $191,000 after acquiring an additional 2,699 shares during the period. New York State Teachers Retirement System lifted its stake in Orion Group by 28.8% in the 4th quarter. New York State Teachers Retirement System now owns 18,337 shares of the construction company’s stock valued at $79,000 after purchasing an additional 4,100 shares during the last quarter. Legal & General Group Plc lifted its stake in Orion Group by 7.6% in the 3rd quarter. Legal & General Group Plc now owns 60,679 shares of the construction company’s stock valued at $455,000 after purchasing an additional 4,292 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. lifted its stake in Orion Group by 38.2% in the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,100 shares of the construction company’s stock valued at $78,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Orion Group by 14.5% in the 4th quarter. Prudential Financial Inc. now owns 53,986 shares of the construction company’s stock valued at $232,000 after purchasing an additional 6,838 shares during the last quarter. Hedge funds and other institutional investors own 93.53% of the company’s stock.

ORN opened at $3.79 on Friday. Orion Group Holdings Inc has a twelve month low of $3.66 and a twelve month high of $9.83. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm has a market cap of $108.33 million, a PE ratio of -27.07 and a beta of 1.14.

Several brokerages recently commented on ORN. Zacks Investment Research downgraded shares of Orion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 19th. ValuEngine upgraded shares of Orion Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.44.

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Orion Group Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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Institutional Ownership by Quarter for Orion Group (NYSE:ORN)

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