Veriti Management LLC increased its holdings in shares of Orange SA (NYSE:ORAN – Get Rating) by 291.3% in the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The fund held 103,528 shares of the technology company after buying an additional 77,070 shares during the period. Veriti Management LLC’s holdings in Orange were worth $1,224,000 at the end of the most recent reporting period.
Other major investors have also changed their positions in the company. Guggenheim Capital LLC increased its stake in Orange shares by 8.5% in the third quarter. Guggenheim Capital LLC now owns 129,477 shares of the technology company worth $1,402,000 after acquiring 10,139 additional shares during the period. Millennium Management LLC increased its stake in Orange shares by 205.6% in the third quarter. Millennium Management LLC now owns 635,238 shares of the technology company worth $6,880,000 after acquiring an additional 427,405 shares during the period. Corient Capital Partners LLC acquired a new equity stake in Orange in Q3 worth approximately $193,000. Cetera Advisor Networks LLC acquired a new equity stake in Orange in Q3 worth approximately $192,000. Finally, Cetera Investment Advisers increased its stake in Orange shares by 9.5% in the 3rd quarter. Cetera Investment Advisers now owns 24,118 shares of the technology company worth $261,000 after acquiring 2,097 additional shares during the period. 0.89% of the shares are held by institutional investors and hedge funds.
ORAN stock opened at $11.63 on Thursday. Orange SA has a 12-month low of $9.85 and a 12-month high of $12.71. The company has a 50-day simple moving average of $12.02 and a 200-day simple moving average of $11.64. The company has a debt ratio of 0.91, a current ratio of 0.95 and a quick ratio of 0.91.
The company also recently declared a dividend, which will be paid on Friday, June 24. Shareholders of record on Monday, June 6 will receive a dividend of $0.3333 per share. The ex-dividend date is Friday, June 3. This represents a dividend yield of 4.73%.
A number of analysts have weighed in on ORAN shares recently. Sanford C. Bernstein upgraded Orange shares from a “market performer” rating to an “outperformer” rating in a Monday, June 13 research note. Barclays upgraded Orange shares from an “underweight” to an “equal weight” rating in a research note on Wednesday. Finally, StockNews.com began covering Orange shares in a research note on Thursday, March 31. They set a “holding” rating for the company. One analyst rated the stock with a sell rating, eight gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.75.
orange profile (Get an evaluation)
Orange SA provides various fixed telephony and mobile telecommunications services, data transmission and other value-added services to customers, businesses and other telecommunications operators in France and internationally. It operates across France; Spain and other European countries; Africa and the Middle East; Company; International carriers and shared services; and mobile financial services segments.
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