Janney Capital Management LLC decreased its position in Orange SA (NASDAQ:ORAN) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,107,171 shares of the technology company’s stock after selling 26,414 shares during the period. Janney Capital Management LLC’s holdings in Orange SA were worth $17,692,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ORAN. NGAM Advisors L.P. increased its position in shares of Orange SA by 6.0% in the second quarter. NGAM Advisors L.P. now owns 115,667 shares of the technology company’s stock worth $1,848,000 after buying an additional 6,533 shares in the last quarter. BB&T Corp increased its position in shares of Orange SA by 0.3% in the second quarter. BB&T Corp now owns 144,443 shares of the technology company’s stock worth $2,308,000 after buying an additional 468 shares in the last quarter. Aperio Group LLC increased its position in shares of Orange SA by 7.5% in the second quarter. Aperio Group LLC now owns 443,096 shares of the technology company’s stock worth $7,081,000 after buying an additional 31,055 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Orange SA by 14.5% in the first quarter. Goldman Sachs Group Inc. now owns 739,955 shares of the technology company’s stock worth $11,499,000 after buying an additional 93,843 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new position in shares of Orange SA during the first quarter worth $310,000.
Shares of Orange SA (NASDAQ ORAN) opened at 16.78 on Friday. Orange SA has a 1-year low of $13.98 and a 1-year high of $17.63. The company has a market capitalization of $44.61 billion and a P/E ratio of 305.09. The firm has a 50-day moving average of $16.63 and a 200 day moving average of $16.12.
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A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Orange SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Berenberg Bank downgraded shares of Orange SA from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Finally, Bank of America Corporation downgraded shares of Orange SA from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.00.
About Orange SA
Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.
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