Beck Bode LLC Trims Stock Holdings in Orange SA (NYSE:ORAN)

Beck Bode LLC lessened its holdings in shares of Orange SA (NYSE:ORAN) by 13.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,350 shares of the technology company’s stock after selling 1,800 shares during the quarter. Beck Bode LLC’s holdings in Orange were worth $177,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Millennium Management LLC boosted its stake in shares of Orange by 63.0% during the 3rd quarter. Millennium Management LLC now owns 69,274 shares of the technology company’s stock valued at $1,078,000 after buying an additional 26,778 shares during the last quarter. Barclays PLC increased its holdings in Orange by 249.8% in the third quarter. Barclays PLC now owns 206,939 shares of the technology company’s stock valued at $3,222,000 after buying an additional 147,780 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Orange by 25.0% in the third quarter. Penserra Capital Management LLC now owns 43,729 shares of the technology company’s stock valued at $680,000 after buying an additional 8,746 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Orange by 12.3% during the third quarter. Checchi Capital Advisers LLC now owns 13,517 shares of the technology company’s stock valued at $210,000 after buying an additional 1,482 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in Orange by 32.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 177,606 shares of the technology company’s stock worth $2,766,000 after buying an additional 43,606 shares during the last quarter. Institutional investors own 0.90% of the company’s stock.

NYSE:ORAN traded down $0.02 during midday trading on Tuesday, reaching $15.96. 152,488 shares of the company traded hands, compared to its average volume of 432,590. The firm has a market capitalization of $43.41 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 1.00 and a beta of 0.37. The company has a fifty day moving average price of $16.22 and a 200 day moving average price of $15.51. 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 twelve month low of $14.57 and a twelve month high of $16.89.

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ORAN has been the topic of a number of research reports. ValuEngine raised shares of Orange from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Berenberg Bank reaffirmed a “buy” rating on shares of Orange in a report on Tuesday, November 19th. Citigroup raised shares of Orange from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Societe Generale upgraded shares of Orange from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Finally, Cfra reiterated a “hold” rating and set a $16.00 price objective on shares of Orange in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Orange currently has a consensus rating of “Buy” and an average price target of $17.00.

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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