Summit Global Investments Takes $347,000 Position in Orange S.A. (NYSE:ORAN)

Summit Global Investments purchased a new stake in Orange S.A. (NYSE:ORAN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,327 shares of the technology company’s stock, valued at approximately $347,000.

A number of other institutional investors also recently modified their holdings of the business. New York State Common Retirement Fund bought a new stake in shares of Orange during the third quarter worth $40,000. CWM LLC grew its position in Orange by 53.1% during the 4th quarter. CWM LLC now owns 3,586 shares of the technology company’s stock worth $41,000 after acquiring an additional 1,244 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Orange by 17.2% in the 3rd quarter. Lindbrook Capital LLC now owns 9,465 shares of the technology company’s stock worth $109,000 after purchasing an additional 1,390 shares in the last quarter. Blue Trust Inc. raised its position in Orange by 31,643.3% in the fourth quarter. Blue Trust Inc. now owns 9,523 shares of the technology company’s stock valued at $109,000 after purchasing an additional 9,493 shares during the last quarter. Finally, Cable Hill Partners LLC acquired a new stake in shares of Orange during the third quarter valued at about $118,000.

Orange Trading Up 1.2 %

NYSE ORAN opened at $11.22 on Monday. The business’s 50-day moving average price is $11.44 and its two-hundred day moving average price is $11.66. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.88. Orange S.A. has a 12 month low of $10.97 and a 12 month high of $12.94.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on Orange in a research note on Wednesday, April 17th. They issued an “overweight” rating for the company. StockNews.com cut shares of Orange from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.08.

Orange Profile

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