Massachusetts Financial Services Co. MA Lowers Stock Holdings in OR Royalties Inc. $OR

Massachusetts Financial Services Co. MA reduced its stake in OR Royalties Inc. (NYSE:OR) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 992,679 shares of the basic materials company’s stock after selling 35,509 shares during the period. Massachusetts Financial Services Co. MA’s holdings in OR Royalties were worth $35,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of OR. Alps Advisors Inc. purchased a new stake in shares of OR Royalties in the third quarter valued at approximately $2,649,000. CWA Asset Management Group LLC boosted its stake in shares of OR Royalties by 112.6% in the third quarter. CWA Asset Management Group LLC now owns 381,747 shares of the basic materials company’s stock valued at $15,300,000 after buying an additional 202,173 shares in the last quarter. Synergy Asset Management LLC boosted its stake in shares of OR Royalties by 200.0% in the third quarter. Synergy Asset Management LLC now owns 52,851 shares of the basic materials company’s stock valued at $2,118,000 after buying an additional 35,234 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of OR Royalties by 62.0% in the third quarter. U S Global Investors Inc. now owns 931,076 shares of the basic materials company’s stock valued at $37,312,000 after buying an additional 356,245 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in shares of OR Royalties in the third quarter valued at approximately $1,451,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OR has been the topic of a number of analyst reports. TD Securities restated a “hold” rating on shares of OR Royalties in a research note on Monday, February 23rd. Scotiabank lifted their price objective on OR Royalties from $41.00 to $51.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Zacks Research cut OR Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OR Royalties in a report on Monday, December 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $56.00 price objective on shares of OR Royalties in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.50.

OR Royalties Stock Up 0.0%

NYSE OR opened at $40.13 on Thursday. OR Royalties Inc. has a fifty-two week low of $22.08 and a fifty-two week high of $48.06. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 36.81 and a beta of 0.83. The business has a fifty day moving average of $40.79 and a 200-day moving average of $38.16.

OR Royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. OR Royalties had a return on equity of 12.41% and a net margin of 74.30%.The company had revenue of $90.47 million during the quarter, compared to analysts’ expectations of $90.80 million. As a group, analysts anticipate that OR Royalties Inc. will post 0.62 EPS for the current year.

OR Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 31st. OR Royalties’s payout ratio is 20.18%.

OR Royalties Company Profile

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.