Lesa Sroufe & Co Cuts Stake in Orange (ORAN)
Lesa Sroufe & Co lessened its holdings in shares of Orange (NYSE:ORAN) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 277,379 shares of the technology company’s stock after selling 11,457 shares during the period. Orange accounts for about 4.0% of Lesa Sroufe & Co’s investment portfolio, making the stock its 9th biggest holding. Lesa Sroufe & Co’s holdings in Orange were worth $4,555,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ORAN. Sei Investments Co. raised its holdings in Orange by 38.4% during the second quarter. Sei Investments Co. now owns 9,006 shares of the technology company’s stock worth $144,000 after purchasing an additional 2,497 shares in the last quarter. HighTower Advisors LLC bought a new stake in Orange during the first quarter worth approximately $166,000. Miles Capital Inc. bought a new stake in Orange during the second quarter worth approximately $173,000. Northwestern Mutual Wealth Management Co. raised its holdings in Orange by 15.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,506 shares of the technology company’s stock worth $184,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Garner Asset Management Corp bought a new stake in Orange during the second quarter worth approximately $190,000. 1.18% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the company. BidaskClub cut Orange from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Bank of America Corporation raised Orange from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Zacks Investment Research cut Orange from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BNP Paribas reissued an “underperform” rating on shares of Orange in a report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.
Orange (ORAN) traded up $0.07 during trading on Friday, reaching $16.54. 192,300 shares of the company’s stock traded hands, compared to its average volume of 366,339. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91. Orange has a 12-month low of $13.98 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 given a $0.294 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a yield of 3.57%. Orange’s dividend payout ratio (DPR) is 215.00%.
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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