Orange SA (NYSE:ORAN) Shares Sold by Morningstar Investment Services LLC

Morningstar Investment Services LLC decreased its holdings in shares of Orange SA (NYSE:ORAN) by 17.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,599 shares of the technology company’s stock after selling 2,425 shares during the period. Morningstar Investment Services LLC’s holdings in Orange were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ORAN. Managed Asset Portfolios LLC increased its stake in Orange by 42.2% during the 3rd quarter. Managed Asset Portfolios LLC now owns 1,652,546 shares of the technology company’s stock worth $25,730,000 after buying an additional 490,520 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in shares of Orange during the fourth quarter worth approximately $7,056,000. Barclays PLC raised its stake in Orange by 249.8% in the 3rd quarter. Barclays PLC now owns 206,939 shares of the technology company’s stock valued at $3,222,000 after purchasing an additional 147,780 shares during the last quarter. FMR LLC raised its stake in Orange by 30.0% in the 4th quarter. FMR LLC now owns 486,964 shares of the technology company’s stock valued at $7,104,000 after purchasing an additional 112,303 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in Orange by 32.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 177,606 shares of the technology company’s stock valued at $2,766,000 after purchasing an additional 43,606 shares in the last quarter. Hedge funds and other institutional investors own 0.94% of the company’s stock.

Shares of ORAN traded down $0.45 during midday trading on Friday, reaching $13.38. The company had a trading volume of 1,876,694 shares, compared to its average volume of 823,164. The firm has a 50 day simple moving average of $14.31 and a 200-day simple moving average of $15.18. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market cap of $36.79 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.87 and a beta of 0.37. Orange SA has a 1-year low of $13.09 and a 1-year high of $16.80.

Several equities research analysts have issued reports on ORAN shares. Bank of America cut shares of Orange from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Goldman Sachs Group downgraded shares of Orange from a “conviction-buy” rating to a “neutral” rating in a research note on Wednesday, January 15th. Bryan, Garnier & Co lowered shares of Orange from a “buy” rating to a “neutral” rating in a research report on Thursday, December 5th. Berenberg Bank cut shares of Orange from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Zacks Investment Research cut shares of Orange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Orange presently has an average rating of “Hold” and a consensus target price of $17.00.

Orange Company 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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