Acuitas Investments LLC Sells 62,333 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Acuitas Investments LLC cut its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 582,855 shares of the construction company’s stock after selling 62,333 shares during the quarter. Orion Group comprises approximately 3.0% of Acuitas Investments LLC’s portfolio, making the stock its largest holding. Acuitas Investments LLC owned about 1.75% of Orion Group worth $5,543,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. G2 Investment Partners Management LLC increased its stake in shares of Orion Group by 715.1% during the fourth quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock worth $2,381,000 after acquiring an additional 422,842 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Orion Group by 806.6% in the first quarter. Assenagon Asset Management S.A. now owns 256,865 shares of the construction company’s stock valued at $2,106,000 after purchasing an additional 228,533 shares in the last quarter. Gendell Jeffrey L lifted its holdings in shares of Orion Group by 25.2% in the first quarter. Gendell Jeffrey L now owns 819,566 shares of the construction company’s stock valued at $6,720,000 after purchasing an additional 164,755 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Orion Group by 32.5% in the fourth quarter. Russell Investments Group Ltd. now owns 630,485 shares of the construction company’s stock valued at $3,115,000 after purchasing an additional 154,476 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Orion Group in the second quarter valued at about $897,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Orion Group

In related news, CEO Travis J. Boone purchased 3,700 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $6.79 per share, with a total value of $25,123.00. Following the completion of the transaction, the chief executive officer now owns 488,719 shares of the company’s stock, valued at approximately $3,318,402.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Travis J. Boone purchased 3,700 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $6.79 per share, with a total value of $25,123.00. Following the completion of the transaction, the chief executive officer now owns 488,719 shares of the company’s stock, valued at approximately $3,318,402.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary E. Sullivan purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $6.80 per share, with a total value of $68,000.00. Following the transaction, the director now directly owns 256,187 shares of the company’s stock, valued at approximately $1,742,071.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 14,200 shares of company stock valued at $97,358. Company insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

ORN has been the topic of several recent research reports. Craig Hallum initiated coverage on shares of Orion Group in a report on Tuesday, May 14th. They issued a “buy” rating and a $14.00 price target on the stock. B. Riley upped their price target on shares of Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a report on Tuesday, June 4th.

Orion Group Stock Performance

Shares of ORN opened at $6.75 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.32 and a current ratio of 1.33. The company has a market capitalization of $225.25 million, a price-to-earnings ratio of -19.29, a PEG ratio of 4.65 and a beta of 0.83. The company’s 50 day simple moving average is $8.31 and its 200 day simple moving average is $8.41. Orion Group Holdings, Inc. has a 1 year low of $4.09 and a 1 year high of $12.12.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.19). The firm had revenue of $192.17 million for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted ($0.14) EPS. On average, sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

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.