BB&T Corp Sells 52,559 Shares of Orange SA (NYSE:ORAN)

BB&T Corp cut its holdings in Orange SA (NYSE:ORAN) by 54.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,767 shares of the technology company’s stock after selling 52,559 shares during the period. BB&T Corp’s holdings in Orange were worth $697,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ORAN. NEXT Financial Group Inc boosted its stake in shares of Orange by 226.6% during the 2nd quarter. NEXT Financial Group Inc now owns 2,162 shares of the technology company’s stock worth $34,000 after purchasing an additional 1,500 shares during the period. SRS Capital Advisors Inc. purchased a new position in shares of Orange during the 2nd quarter worth about $35,000. Signaturefd LLC boosted its stake in shares of Orange by 27.3% during the 2nd quarter. Signaturefd LLC now owns 6,826 shares of the technology company’s stock worth $107,000 after purchasing an additional 1,463 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Orange by 75.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,099 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,491 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in shares of Orange during the 2nd quarter worth about $120,000. Hedge funds and other institutional investors own 1.09% of the company’s stock.

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A number of research firms recently commented on ORAN. JPMorgan Chase & Co. cut shares of Orange from an “overweight” rating to a “neutral” rating in a research note on Monday, September 9th. New Street Research raised shares of Orange from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 11th. Zacks Investment Research raised shares of Orange from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. Finally, ValuEngine raised shares of Orange from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.00.

Orange stock opened at $15.82 on Friday. The stock has a market cap of $42.24 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 1.29 and a beta of 0.38. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.79 and a quick ratio of 0.76. Orange SA has a 1 year low of $14.57 and a 1 year high of $17.06. The firm has a 50-day moving average of $15.95 and a two-hundred day moving average of $15.45.

Orange Profile

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

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Institutional Ownership by Quarter for Orange (NYSE:ORAN)

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