Baird Financial Group Inc. raised its stake in shares of Orange SA (NYSE:ORAN) by 3,549.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,518,495 shares of the technology company’s stock after purchasing an additional 1,476,884 shares during the period. Baird Financial Group Inc.’s holdings in Orange were worth $26,422,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in shares of Orange by 3.1% during the 2nd quarter. HighTower Advisors LLC now owns 11,058 shares of the technology company’s stock valued at $175,000 after buying an additional 331 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Orange by 99.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,098 shares of the technology company’s stock valued at $175,000 after buying an additional 5,036 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Orange during the 3rd quarter valued at $217,000. Lourd Capital LLC acquired a new stake in shares of Orange during the 4th quarter valued at $233,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Orange during the 2nd quarter valued at $237,000. 1.25% of the stock is owned by institutional investors.
ORAN has been the topic of a number of recent research reports. Bank of America upgraded shares of Orange from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Orange from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, November 2nd. Gabelli restated a “buy” rating on shares of Orange in a report on Friday, December 1st. Berenberg Bank upgraded shares of Orange from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Finally, BNP Paribas upgraded shares of Orange from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Orange currently has a consensus rating of “Hold” and a consensus price target of $18.00.
Orange SA (ORAN) opened at $16.90 on Wednesday. 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 SA has a twelve month low of $14.94 and a twelve month high of $18.57.
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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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