Royce & Associates Amends Orion Group Holdings (ORN) Stake
Ticker: ORN · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1402829
| Field | Detail |
|---|---|
| Company | Orion Group Holdings Inc (ORN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, stake-change, 13G/A, portfolio-rebalancing
TL;DR
**Royce & Associates updated their Orion Group Holdings (ORN) stake, showing sole voting power over 1 share.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an amended SC 13G/A on January 24, 2024, indicating their beneficial ownership in Orion Group Holdings, Inc. (ORN) as of December 31, 2023. This amendment, their second, shows they hold sole voting power over 1 share of Orion's common stock. This matters to investors because it updates the public record on a significant institutional holder's position, even if the current reported holding is minimal, and could signal a change in their investment strategy or a rebalancing of their portfolio.
Why It Matters
This filing updates the public record on Royce & Associates' beneficial ownership in Orion Group Holdings, Inc., providing transparency on institutional holdings which can influence market perception and trading decisions.
Risk Assessment
Risk Level: low — This filing is a routine update of an institutional holding and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
A smart investor would investigate Royce & Associates' previous holdings in Orion Group Holdings, Inc. to understand the magnitude of this reported reduction to 1 share, as it could signal a lack of confidence from a major institutional investor. This information should be considered alongside other fundamental and technical analysis before making any investment decisions.
Key Numbers
- 1 — Shares with Sole Voting Power (The number of shares of Orion Group Holdings, Inc. common stock over which Royce & Associates, LP has sole voting power as of December 31, 2023.)
- 68628V308 — CUSIP Number (The unique identification number for Orion Group Holdings, Inc. common stock.)
- 0000906304-24-000035 — Accession Number (The unique identifier for this specific SEC filing.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and investment firm
- Orion Group Holdings, Inc. (company) — the subject company (issuer) of the securities
- New York (company) — place of organization for Royce & Associates, LP
- December 31, 2023 (date) — date of the event requiring the filing
- January 24, 2024 (date) — date the SC 13G/A was filed
Forward-Looking Statements
- Royce & Associates, LP may have significantly reduced their stake in Orion Group Holdings, Inc. prior to December 31, 2023, given the reported 1 share holding. (Royce & Associates, LP) — medium confidence, target: Q1 2024
- The minimal reported holding of 1 share could be a placeholder or a residual amount, suggesting a near-complete exit from their position in Orion Group Holdings, Inc. (Orion Group Holdings, Inc.) — high confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Royce & Associates, LP, an investment firm based in New York, as stated in the 'NAME OF REPORTING PERSON' section and the 'FILED BY' company data.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, is Orion Group Holdings, Inc., as clearly stated under 'Name of Issuer' and in the 'SUBJECT COMPANY' data with CIK 0001402829.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.
How many shares of Orion Group Holdings, Inc. common stock does Royce & Associates, LP report having sole voting power over?
Royce & Associates, LP reports having sole voting power over 1 share of Orion Group Holdings, Inc. common stock, as indicated in 'NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 1'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Orion Group Holdings, Inc. is 68628V308, as listed under 'CUSIP Number' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Orion Group Holdings Inc (ORN).