Opera Ltd (NASDAQ:OPRA) is CSat Investment Advisory L.P.’s 10th Largest Position

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CSat Investment Advisory L.P. increased its holdings in shares of Opera Ltd (NASDAQ:OPRA) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,245 shares of the company’s stock after purchasing an additional 35,056 shares during the quarter. Opera makes up 1.1% of CSat Investment Advisory L.P.’s portfolio, making the stock its 10th biggest holding. CSat Investment Advisory L.P. owned approximately 0.28% of Opera worth $3,218,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in OPRA. Anchor Capital Advisors LLC grew its position in shares of Opera by 52.5% during the first quarter. Anchor Capital Advisors LLC now owns 54,530 shares of the company’s stock worth $358,000 after purchasing an additional 18,770 shares in the last quarter. FIL Ltd grew its position in shares of Opera by 45.3% during the first quarter. FIL Ltd now owns 1,581,316 shares of the company’s stock worth $10,389,000 after purchasing an additional 493,011 shares in the last quarter. WT Asset Management Ltd purchased a new stake in shares of Opera during the first quarter worth about $50,318,000. Cim LLC purchased a new stake in shares of Opera during the second quarter worth about $137,000. Finally, Sloane Robinson LLP grew its position in shares of Opera by 29.8% during the second quarter. Sloane Robinson LLP now owns 259,800 shares of the company’s stock worth $2,712,000 after purchasing an additional 59,700 shares in the last quarter. Hedge funds and other institutional investors own 4.52% of the company’s stock.

Several analysts recently issued reports on OPRA shares. B. Riley set a $19.00 target price on Opera and gave the stock a “buy” rating in a research report on Friday, August 23rd. Zacks Investment Research upgraded Opera from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday. Finally, Citigroup set a $14.00 target price on Opera and gave the stock a “buy” rating in a research report on Friday, August 23rd.

NASDAQ OPRA traded down $0.85 during trading on Friday, hitting $10.10. 2,024,280 shares of the stock traded hands, compared to its average volume of 203,731. The company has a market capitalization of $1.30 billion, a P/E ratio of 25.25 and a beta of 2.02. The firm has a 50-day simple moving average of $11.92 and a 200-day simple moving average of $10.00. Opera Ltd has a 12-month low of $5.31 and a 12-month high of $14.94.

Opera (NASDAQ:OPRA) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $61.73 million during the quarter, compared to analysts’ expectations of $55.65 million. Opera had a return on equity of 4.49% and a net margin of 14.40%. Equities analysts forecast that Opera Ltd will post 0.26 EPS for the current fiscal year.

Opera Profile

Opera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app.

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Institutional Ownership by Quarter for Opera (NASDAQ:OPRA)

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