Freestone Capital Holdings LLC Cuts Stake in Orange SA (NYSE:ORAN)

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Freestone Capital Holdings LLC lowered its position in shares of Orange SA (NYSE:ORAN) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207,272 shares of the technology company’s stock after selling 3,869 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Orange were worth $3,258,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Advisors Management Group Inc. ADV grew its stake in Orange by 1.1% during the 1st quarter. Advisors Management Group Inc. ADV now owns 62,712 shares of the technology company’s stock valued at $1,022,000 after acquiring an additional 681 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in Orange by 3.5% during the 2nd quarter. Wetherby Asset Management Inc. now owns 23,044 shares of the technology company’s stock valued at $363,000 after acquiring an additional 789 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Orange by 3.1% during the 1st quarter. Eagle Asset Management Inc. now owns 27,760 shares of the technology company’s stock worth $452,000 after purchasing an additional 830 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Orange by 5.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 19,549 shares of the technology company’s stock worth $319,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Private Capital Group LLC boosted its stake in shares of Orange by 45.0% during the 1st quarter. Private Capital Group LLC now owns 3,469 shares of the technology company’s stock worth $57,000 after purchasing an additional 1,076 shares during the last quarter. Institutional investors own 1.43% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Orange from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley lowered shares of Orange from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Orange has a consensus rating of “Hold” and a consensus target price of $18.00.

Orange stock traded down $0.08 during mid-day trading on Tuesday, reaching $14.92. The company’s stock had a trading volume of 5,389 shares, compared to its average volume of 770,656. Orange SA has a twelve month low of $14.57 and a twelve month high of $17.06. The firm has a market cap of $39.66 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.04 and a beta of 0.40. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average price of $15.00 and a 200-day moving average price of $15.50.

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. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

Further Reading: Cost of Capital Explained

Institutional Ownership by Quarter for Orange (NYSE:ORAN)

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