Janney Capital Management LLC cut its holdings in Orange (NYSE:ORAN) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,086,039 shares of the technology company’s stock after selling 21,132 shares during the quarter. Janney Capital Management LLC’s holdings in Orange were worth $17,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cambiar Investors LLC raised its position in shares of Orange by 4.5% in the third quarter. Cambiar Investors LLC now owns 7,897,545 shares of the technology company’s stock valued at $129,678,000 after purchasing an additional 340,141 shares during the period. Crossmark Global Holdings Inc. bought a new position in Orange during the third quarter worth $3,871,000. State of Tennessee Treasury Department bought a new position in Orange during the second quarter worth $3,180,000. JPMorgan Chase & Co. increased its position in Orange by 369.0% during the second quarter. JPMorgan Chase & Co. now owns 223,448 shares of the technology company’s stock worth $3,571,000 after acquiring an additional 175,807 shares during the period. Finally, Pacer Advisors Inc. bought a new position in Orange during the second quarter worth $1,553,000. Hedge funds and other institutional investors own 1.19% of the company’s stock.

A number of brokerages recently issued reports on ORAN. Gabelli reaffirmed a “buy” rating on shares of Orange in a research report on Friday, December 1st. Berenberg Bank raised shares of Orange from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub lowered shares of Orange from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Zacks Investment Research lowered shares of Orange from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Bank of America raised shares of Orange from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.00.

Shares of Orange (ORAN) traded up $0.12 during trading on Monday, reaching $17.26. 438,000 shares of the company’s stock traded hands, compared to its average volume of 359,464. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.74. Orange has a 12-month low of $14.15 and a 12-month high of $17.63.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 4th will be issued a $0.294 dividend. This represents a yield of 3.57%. The ex-dividend date is Friday, December 1st.

COPYRIGHT VIOLATION WARNING: “Janney Capital Management LLC Has $17.83 Million Holdings in Orange (ORAN)” was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/janney-capital-management-llc-has-17-83-million-holdings-in-orange-oran/1757563.html.

Orange Profile

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.

Want to see what other hedge funds are holding ORAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orange (NYSE:ORAN).

Institutional Ownership by Quarter for Orange (NYSE:ORAN)

Receive News & Ratings for Orange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange and related companies with MarketBeat.com's FREE daily email newsletter.