Tower Research Capital LLC TRC Purchases New Position in Orange SA (ORAN)

Tower Research Capital LLC TRC purchased a new stake in Orange SA (NYSE:ORAN) during the 2nd quarter, Holdings Channel reports. The firm purchased 7,962 shares of the technology company’s stock, valued at approximately $133,000.

A number of other hedge funds have also modified their holdings of ORAN. Millennium Management LLC increased its stake in Orange by 731.4% in the 1st quarter. Millennium Management LLC now owns 479,778 shares of the technology company’s stock valued at $8,195,000 after buying an additional 422,072 shares during the last quarter. Bank of America Corp DE increased its stake in Orange by 5.9% in the 2nd quarter. Bank of America Corp DE now owns 5,916,094 shares of the technology company’s stock valued at $98,621,000 after buying an additional 330,125 shares during the last quarter. Morgan Stanley increased its stake in Orange by 11.6% in the 2nd quarter. Morgan Stanley now owns 2,476,438 shares of the technology company’s stock valued at $41,282,000 after buying an additional 257,097 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in Orange in the 1st quarter valued at $3,837,000. Finally, Wells Fargo & Company MN increased its stake in Orange by 10.6% in the 1st quarter. Wells Fargo & Company MN now owns 1,079,528 shares of the technology company’s stock valued at $18,438,000 after buying an additional 103,793 shares during the last quarter. Hedge funds and other institutional investors own 1.43% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Orange from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, September 26th. Argus assumed coverage on shares of Orange in a research report on Monday, July 16th. They issued a “buy” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Orange has an average rating of “Hold” and an average price target of $18.50.

Shares of ORAN opened at $15.64 on Tuesday. Orange SA has a one year low of $15.67 and a one year high of $18.57. The stock has a market capitalization of $42.27 billion, a PE ratio of 22.34, a PEG ratio of 0.51 and a beta of 0.54. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.88.

Orange Company Profile

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. It offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.

Featured Article: Why do companies issue stock splits?

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

Leave a Reply