Brandes Investment Partners Maintains Significant Stake in Orion Group Holdings
Ticker: ORN · Form: SC 13G · Filed: Jan 10, 2024 · CIK: 1402829
| Field | Detail |
|---|---|
| Company | Orion Group Holdings Inc (ORN) |
| Form Type | SC 13G |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, sc-13g, amendment, investor-confidence
TL;DR
**Brandes Investment Partners is still in on Orion Group Holdings, signaling institutional confidence.**
AI Summary
Brandes Investment Partners, L.P. filed an SC 13G on January 10, 2024, disclosing their ownership of Orion Group Holdings Inc. (ORION) common shares as of December 31, 2023. This filing, an Amendment No. 3, indicates that Brandes Investment Partners, L.P. continues to hold a significant stake in Orion Group Holdings, a heavy construction contractor. This matters to investors because a large institutional investor maintaining its position can signal confidence in the company's long-term prospects, potentially influencing other investors' perceptions and the stock's stability.
Why It Matters
This filing shows a major institutional investor, Brandes Investment Partners, L.P., is holding onto its shares in Orion Group Holdings, which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This filing indicates a stable institutional ownership, which generally reduces volatility and risk for existing shareholders.
Analyst Insight
A smart investor would view this continued institutional ownership as a positive signal, suggesting stability and potential long-term value in Orion Group Holdings, and might consider further research into the company's fundamentals.
Key Players & Entities
- Brandes Investment Partners, L.P. (company) — reporting person and institutional investor
- Orion Group Holdings Inc. (company) — subject company, a heavy construction contractor
- BRANDES WORLDWIDE HOLDINGS, L.P. (company) — group member
- CO-GP, LLC (company) — group member
- Glenn Carlson (person) — group member
- December 31, 2023 (date) — date of event requiring filing
- January 10, 2024 (date) — filing date
Forward-Looking Statements
- Brandes Investment Partners, L.P. will maintain a significant stake in Orion Group Holdings Inc. for the foreseeable future. (Brandes Investment Partners, L.P.) — medium confidence, target: 2025-12-31
FAQ
Who filed this SC 13G?
This SC 13G was filed by Brandes Investment Partners, L.P., along with group members BRANDES WORLDWIDE HOLDINGS, L.P., CO-GP, LLC, and Glenn Carlson.
What company's shares are the subject of this filing?
The subject company for this filing is Orion Group Holdings Inc., which operates in heavy construction other than building construction.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Shares of Orion Group Holdings Inc. is 68628V308.
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.
What type of filing is this, and what rule is it filed under?
This is an SC 13G filing, specifically Amendment No. 3, and it is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 10, 2024 by Glenn Carlson regarding Orion Group Holdings Inc (ORN).