Summit Global Investments Trims Stock Position in Orange S.A. (NYSE:ORAN)

Summit Global Investments lessened its stake in Orange S.A. (NYSE:ORAN) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,150 shares of the technology company’s stock after selling 1,209 shares during the quarter. Summit Global Investments’ holdings in Orange were worth $181,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ORAN. Blue Trust Inc. boosted its position in Orange by 3,331.6% in the 2nd quarter. Blue Trust Inc. now owns 18,359 shares of the technology company’s stock worth $183,000 after purchasing an additional 17,824 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Orange by 8.9% during the second quarter. 180 Wealth Advisors LLC now owns 16,497 shares of the technology company’s stock worth $178,000 after buying an additional 1,350 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Orange by 20.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,199 shares of the technology company’s stock valued at $262,000 after buying an additional 4,458 shares during the period. Simplicity Wealth LLC increased its holdings in Orange by 16.6% in the second quarter. Simplicity Wealth LLC now owns 310,388 shares of the technology company’s stock valued at $3,101,000 after buying an additional 44,290 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Orange in the second quarter valued at $60,000.

Orange Price Performance

Shares of Orange stock traded up $0.04 during mid-day trading on Wednesday, reaching $11.39. 183,897 shares of the stock traded hands, compared to its average volume of 448,006. The stock has a market capitalization of $30.27 billion, a PE ratio of 9.01, a PEG ratio of 0.75 and a beta of 0.22. The business has a 50-day moving average of $10.72 and a 200 day moving average of $11.20. Orange S.A. has a fifty-two week low of $9.82 and a fifty-two week high of $12.41. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.87.

Analysts Set New Price Targets

A number of research firms have recently commented on ORAN. New Street Research upgraded Orange to a “strong-buy” rating in a research report on Monday, July 8th. StockNews.com raised Orange from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Sanford C. Bernstein assumed coverage on shares of Orange in a research note on Friday, May 24th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Orange presently has an average rating of “Buy” and an average price target of $13.08.

Orange Profile

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.