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Invesco Acquired Stake in Orion Group Holdings

Posted on February 16, 2019

Investors sentiment increased to 2.41 in Q3 2018. Its up 0.76, from 1.65 in 2018Q2. It is positive, as 5 investors sold Orion Group Holdings, Inc. shares while 22 reduced holdings. 21 funds opened positions while 44 raised stakes. 22.23 million shares or 8.19% more from 20.54 million shares in 2018Q2 were reported.

State Of Alaska Department Of Revenue invested 0% of its portfolio in Orion Group Holdings, Inc. (NYSE:ORN). Moreover, Arizona State Retirement System has 0% invested in Orion Group Holdings, Inc. (NYSE:ORN). Victory Cap Management invested in 0% or 150,700 shares. Brandywine Investment Limited Liability Com holds 0% or 14,606 shares in its portfolio. Cornercap Counsel Incorporated has invested 0.14% of its portfolio in Orion Group Holdings, Inc. (NYSE:ORN). Principal Financial, a Iowa-based fund reported 233,274 shares. Manufacturers Life Insurance The holds 0% or 11,965 shares. Barclays Public Ltd Com accumulated 42,365 shares. Great West Life Assurance Can has invested 0% in Orion Group Holdings, Inc. (NYSE:ORN). Acadian Asset Mgmt Limited Liability holds 268,569 shares. Stone Ridge Asset Mgmt Ltd invested 0.03% of its portfolio in Orion Group Holdings, Inc. (NYSE:ORN). Northern Tru has invested 0% in Orion Group Holdings, Inc. (NYSE:ORN). State Common Retirement Fund invested in 0% or 25,500 shares. State Street reported 723,063 shares stake. Ls Investment Ltd Liability accumulated 0% or 929 shares.

Since September 14, 2018, it had 0 insider purchases, and 1 insider sale for $37,216 activity.

The New Invesco Ltd Holding in Orion Group Holdings Inc

Invesco Ltd reported SC 13G form with the SEC for Orion Group Holdings Inc. Access it here: 000091420819000169. As reported by Invesco Ltd, the filler owns 5.1% or 1,472,259 shares of the Industrials–company.

Orion Group Holdings Inc stake is new for [reportingPerson]. Date of activity: December 31, 2018. This shows Invesco Ltd’s positive view for Orion Group Holdings Inc.

Orion Group Holdings Inc Institutional Sentiment

Filings show 90 investors own Orion Group Holdings Inc. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 296581. 20806585 were owned by these investors. 13 funds opened new Orion Group Holdings Inc stakes, 44 increased positions. There were 12 that closed positions and 28 reduced them.

Brandes Investment Partners Lp is an investor bullish on Orion Group Holdings Inc, owning 423018 shares as of Q3 2017 for 0.04% of its portfolio. 1492 Capital Management Llc owns 56854 shares or 0.33% of its portfolio. TX Van Den Berg Management I Inc have 1.03% of its portfolio for 1394555 shares. Further, Grace & White Inc reported stake worth 1.02% of its portfolio. The X1 Ancora Advisors Llc owns 96920 shares. Orion Group Holdings Inc is 0.04% of its portfolio.

SEC Form 13G.

Analysts await Orion Group Holdings, Inc. (NYSE:ORN) to report earnings on March, 14. They expect $-0.10 earnings per share, down 152.63 % or $0.29 from last year’s $0.19 per share. After $-0.22 actual earnings per share reported by Orion Group Holdings, Inc. for the previous quarter, Wall Street now forecasts -54.55 % EPS growth.

The stock increased 1.76% or $0.07 during the last trading session, reaching $4.04. About 4,567 shares traded. Orion Group Holdings, Inc. (NYSE:ORN) has declined 45.25% since February 13, 2018 and is downtrending. It has underperformed by 45.25% the S&P500.

Orion Group Holdings, Inc. operates as a specialty construction firm in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. The company has market cap of $117.03 million. It operates through two divisions, Heavy Civil Marine Construction and Commercial Concrete Construction. It has a 12.17 P/E ratio. The company’s marine construction services include construction, restoration, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

Orion Group Holdings, Inc. (NYSE:ORN) Ratings Coverage

Among 2 analysts covering Orion Group Holdings (NYSE:ORN), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Orion Group Holdings had 2 analyst reports since October 19, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, October 19 by FBR Capital. The rating was maintained by Canaccord Genuity on Friday, October 19 with “Hold”.

More notable recent Orion Group Holdings, Inc. (NYSE:ORN) news were published by: Seekingalpha.com which released: “Understanding Micro-Nano Cap Stocks And Finding Potentially Good Ones – Seeking Alpha” on June 19, 2018, also Streetinsider.com with their article: “Orion Marine Group (ORN) Announces Contract Award of Approximately $97 million – StreetInsider.com” published on September 11, 2018, Globenewswire.com published: “Orion Group Holdings, Inc. Reports Third Quarter 2018 Results – GlobeNewswire” on November 01, 2018. More interesting news about Orion Group Holdings, Inc. (NYSE:ORN) were released by: Seekingalpha.com and their article: “What Will Argan Do With All Of Their Cash? – Seeking Alpha” published on September 18, 2018 as well as Globenewswire.com‘s news article titled: “Orion Marine Group, Inc. Announces New Corporate Name – GlobeNewswire” with publication date: May 24, 2016.

Source: whatsonthorold.com

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