Intech Investment Management LLC Buys Shares of 11,002 Orion Group Holdings, Inc. (NYSE:ORN)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GDS Wealth Management raised its stake in Orion Group by 8.4% in the second quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock worth $488,000 after buying an additional 4,000 shares in the last quarter. Atria Investments Inc boosted its position in Orion Group by 14.6% during the 3rd quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock valued at $284,000 after acquiring an additional 6,285 shares in the last quarter. Northeast Financial Consultants Inc increased its holdings in shares of Orion Group by 7.9% in the 2nd quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock valued at $1,389,000 after acquiring an additional 10,695 shares during the period. Valmark Advisers Inc. bought a new position in shares of Orion Group in the 2nd quarter worth $107,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Orion Group during the 3rd quarter worth $67,000. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Orion Group Trading Down 2.5 %

NYSE:ORN opened at $8.52 on Monday. The stock has a market capitalization of $331.44 million, a price-to-earnings ratio of -21.30, a PEG ratio of 3.75 and a beta of 0.89. Orion Group Holdings, Inc. has a 52 week low of $4.09 and a 52 week 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 firm has a 50 day moving average of $7.02 and a 200 day moving average of $7.87.

Insider Transactions at Orion Group

In related news, EVP Edward Chipman Earle bought 15,633 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the purchase, the executive vice president now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.

Orion Group 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.