Orange S.A. (NYSE:ORAN) Stake Cut by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of Orange S.A. (NYSE:ORAN – Get Rating) by 21.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,222 shares of the technology company’s stock after selling 10,359 shares during the quarter. SG Americas Securities LLC’s holdings in Orange were worth $440,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Orange by 219.7% during the first quarter. Parallel Advisors LLC now owns 7,923 shares of the technology company’s stock worth $95,000 after purchasing an additional 5,445 shares during the last quarter. Five Oceans Advisors bought a new stake in Orange in the first quarter valued at $122,000. Cornerstone Wealth Management LLC bought a new stake in Orange in the first quarter valued at $147,000. RNC Capital Management LLC lifted its stake in Orange by 19.0% in the fourth quarter. RNC Capital Management LLC now owns 12,540 shares of the technology company’s stock valued at $132,000 after buying an additional 2,000 shares during the last quarter. Finally, 180 Wealth Advisors LLC bought a new stake in Orange in the first quarter valued at $153,000. 0.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORAN. Barclays upgraded Orange from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 22nd. Morgan Stanley raised their target price on Orange from €11.00 ($11.34) to €13.00 ($13.40) and gave the company an “equal weight” rating in a research note on Tuesday, July 12th. Finally, Sanford C. Bernstein upgraded Orange from a “market perform” rating to an “outperform” rating in a research note on Monday, June 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.25.

Orange Stock Up 1.5 %

Shares of ORAN opened at $10.25 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.91. Orange S.A. has a one year low of $9.85 and a one year high of $12.71. The stock’s fifty day moving average is $11.15 and its 200-day moving average is $11.68.

Orange Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 24th. Stockholders of record on Monday, June 6th were issued a dividend of $0.3333 per share. This represents a dividend yield of 4.73%. The ex-dividend date was Friday, June 3rd.

Orange Profile

(Get Rating)

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. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.