FDx Advisors Inc. bought a new stake in Orange S.A. (NYSE:ORAN – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,747 shares of the technology company’s stock, valued at approximately $172,000.
A number of other large investors have also modified their holdings of ORAN. JPMorgan Chase & Co. raised its stake in shares of Orange by 384.1% in the first quarter. JPMorgan Chase & Co. now owns 88,800 shares of the technology company’s stock valued at $1,049,000 after purchasing an additional 70,455 shares in the last quarter. Bank of New York Mellon Corp grew its position in Orange by 12.2% in the first quarter. Bank of New York Mellon Corp now owns 34,861 shares of the technology company’s stock valued at $412,000 after acquiring an additional 3,787 shares during the period. HighTower Advisors LLC bought a new stake in Orange in the first quarter valued at $147,000. Citigroup Inc. grew its position in Orange by 14.3% in the first quarter. Citigroup Inc. now owns 118,777 shares of the technology company’s stock valued at $1,404,000 after acquiring an additional 14,884 shares during the period. Finally, Bank of Montreal Can grew its position in Orange by 12.1% in the first quarter. Bank of Montreal Can now owns 31,199 shares of the technology company’s stock valued at $374,000 after acquiring an additional 3,359 shares during the period. 0.99% of the stock is currently owned by institutional investors and hedge funds.
Orange Trading Down 0.7 %
Shares of ORAN stock opened at $11.41 on Tuesday. The stock’s fifty day moving average is $11.36 and its 200-day moving average is $11.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.82 and a current ratio of 0.85. Orange S.A. has a 52 week low of $8.81 and a 52 week high of $13.08.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ORAN. StockNews.com began coverage on Orange in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Citigroup upgraded Orange from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 19th.
Read Our Latest Analysis on ORAN
About Orange
(Free Report)
Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.
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