Acuitas Investments LLC Sells 174,177 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Acuitas Investments LLC reduced its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 32.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 359,458 shares of the construction company’s stock after selling 174,177 shares during the quarter. Orion Group makes up 2.2% of Acuitas Investments LLC’s investment portfolio, making the stock its 22nd largest holding. Acuitas Investments LLC owned approximately 0.92% of Orion Group worth $2,635,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Orion Group by 6.5% during the 4th quarter. Rhumbline Advisers now owns 36,138 shares of the construction company’s stock worth $265,000 after buying an additional 2,198 shares during the period. SG Americas Securities LLC boosted its holdings in Orion Group by 43.0% during the fourth quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company’s stock valued at $121,000 after acquiring an additional 4,978 shares during the period. Atria Investments Inc boosted its holdings in Orion Group by 14.6% during the third 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 during the period. Heck Capital Advisors LLC acquired a new stake in shares of Orion Group in the fourth quarter valued at about $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Orion Group by 1,936.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock worth $69,000 after purchasing an additional 8,965 shares during the period. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

ORN has been the topic of a number of research analyst reports. StockNews.com raised Orion Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. DA Davidson assumed coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective on the stock.

Orion Group Trading Down 3.1 %

Orion Group stock opened at $7.91 on Tuesday. The business has a 50 day moving average price of $7.82 and a two-hundred day moving average price of $7.24. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a 12 month low of $5.23 and a 12 month high of $12.12. The stock has a market cap of $307.70 million, a price-to-earnings ratio of -19.77, a price-to-earnings-growth ratio of 1.18 and a beta of 0.93.

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.