Harbor Capital Advisors Inc. Invests $1.87 Million in Orion Group Holdings, Inc. (NYSE:ORN)

Harbor Capital Advisors Inc. 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 SEC. The fund purchased 324,534 shares of the construction company’s stock, valued at approximately $1,873,000.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Orion Group in the 2nd quarter worth about $897,000. Dimensional Fund Advisors LP increased its holdings in Orion Group by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company’s stock worth $17,907,000 after buying an additional 46,079 shares in the last quarter. American Century Companies Inc. increased its holdings in Orion Group by 311.9% in the 2nd quarter. American Century Companies Inc. now owns 453,461 shares of the construction company’s stock worth $4,312,000 after buying an additional 343,368 shares in the last quarter. Empowered Funds LLC increased its holdings in Orion Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 220,191 shares of the construction company’s stock worth $1,806,000 after buying an additional 16,625 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in Orion Group in the 1st quarter worth about $83,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a report on Friday.

Insider Buying and Selling at Orion Group

In other news, CEO Travis J. Boone purchased 3,700 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $6.79 per share, for a total transaction of $25,123.00. Following the purchase, the chief executive officer now directly owns 488,719 shares in the company, valued at $3,318,402.01. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Edward Chipman Earle purchased 15,633 shares of the business’s stock in a transaction on Friday, September 13th. The stock was acquired 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 in the company, valued at $521,721.75. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Travis J. Boone purchased 3,700 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $6.79 per share, with a total value of $25,123.00. Following the completion of the purchase, the chief executive officer now owns 488,719 shares in the company, valued at approximately $3,318,402.01. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 23,453 shares of company stock worth $144,423 in the last three months. 7.30% of the stock is currently owned by company insiders.

Orion Group Price Performance

NYSE ORN opened at $6.30 on Tuesday. The stock has a 50-day moving average of $6.16 and a 200 day moving average of $7.84. The company has a market capitalization of $210.24 million, a price-to-earnings ratio of -15.75, a PEG ratio of 8.15 and a beta of 0.80. Orion Group Holdings, Inc. has a one year low of $4.09 and a one year high of $12.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.35.

Orion Group Company 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.