Orange SA (ORAN) Position Raised by Baird Financial Group Inc.

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Baird Financial Group Inc. lifted its stake in shares of Orange SA (NYSE:ORAN) by 0.9% during the second quarter, HoldingsChannel reports. The firm owned 1,530,167 shares of the technology company’s stock after acquiring an additional 14,002 shares during the period. Baird Financial Group Inc.’s holdings in Orange were worth $25,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in Orange by 11.3% in the second quarter. PNC Financial Services Group Inc. now owns 30,527 shares of the technology company’s stock worth $509,000 after acquiring an additional 3,106 shares in the last quarter. Natixis Advisors L.P. raised its position in Orange by 2.6% in the first quarter. Natixis Advisors L.P. now owns 125,933 shares of the technology company’s stock worth $2,151,000 after acquiring an additional 3,223 shares in the last quarter. Eagle Asset Management Inc. raised its position in Orange by 15.0% in the first quarter. Eagle Asset Management Inc. now owns 25,516 shares of the technology company’s stock worth $435,000 after acquiring an additional 3,337 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in Orange by 3.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 112,429 shares of the technology company’s stock worth $1,874,000 after acquiring an additional 3,491 shares in the last quarter. Finally, Ironsides Asset Advisors LLC raised its position in Orange by 19.2% in the second quarter. Ironsides Asset Advisors LLC now owns 22,975 shares of the technology company’s stock worth $383,000 after acquiring an additional 3,700 shares in the last quarter. Institutional investors and hedge funds own 1.44% of the company’s stock.

NYSE ORAN opened at $15.86 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.72 and a current ratio of 0.75. The stock has a market cap of $42.99 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 0.52 and a beta of 0.64. Orange SA has a 1 year low of $15.85 and a 1 year high of $18.57.

Several equities research analysts have commented on ORAN shares. Zacks Investment Research upgraded shares of Orange from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Argus started coverage on Orange in a report on Monday, July 16th. They set a “buy” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.50.

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.

Read More: Hedge Funds

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Institutional Ownership by Quarter for Orange (NYSE:ORAN)

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