RMB Capital Management LLC Takes Position in Orange SA (ORAN)

RMB Capital Management LLC purchased a new stake in shares of Orange SA (NASDAQ:ORAN) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,858 shares of the technology company’s stock, valued at approximately $215,000.

Other institutional investors also recently modified their holdings of the company. Cambiar Investors LLC increased its position in shares of Orange SA by 16.2% in the first quarter. Cambiar Investors LLC now owns 7,140,308 shares of the technology company’s stock valued at $110,960,000 after buying an additional 992,856 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Orange SA during the first quarter valued at $6,403,000. Brandes Investment Partners LP increased its position in shares of Orange SA by 8.5% in the first quarter. Brandes Investment Partners LP now owns 3,418,629 shares of the technology company’s stock valued at $53,125,000 after buying an additional 266,762 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Orange SA by 24.4% in the first quarter. Wells Fargo & Company MN now owns 1,003,002 shares of the technology company’s stock valued at $15,587,000 after buying an additional 197,050 shares during the last quarter. Finally, AMG National Trust Bank bought a new position in shares of Orange SA during the first quarter valued at $1,440,000.

Institutional Ownership by Quarter for Orange SA (NASDAQ:ORAN)

Orange SA (NASDAQ:ORAN) traded down 0.99% during midday trading on Tuesday, hitting $16.06. The company had a trading volume of 167,117 shares. Orange SA has a 52 week low of $13.98 and a 52 week high of $17.63. The stock has a market capitalization of $42.72 billion and a PE ratio of 13.83. The stock has a 50 day moving average price of $16.77 and a 200-day moving average price of $15.69.

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Several equities analysts have recently weighed in on ORAN shares. Zacks Investment Research upgraded Orange SA from a “sell” rating to a “hold” rating in a report on Friday, April 7th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Orange SA in a report on Wednesday, February 22nd. BNP Paribas downgraded Orange SA from an “outperform” rating to a “neutral” rating in a report on Thursday, March 2nd. Bank of America Corporation downgraded Orange SA from a “buy” rating to a “neutral” rating in a report on Tuesday, June 13th. Finally, Berenberg Bank downgraded Orange SA from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.00.

Orange SA Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ORAN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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