AT Bancorp Sells 51,016 Shares of Orange SA (ORAN)
AT Bancorp decreased its position in Orange SA (NASDAQ:ORAN) by 33.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,008 shares of the company’s stock after selling 51,016 shares during the period. AT Bancorp’s holdings in Orange SA were worth $1,573,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Genesee Valley Trust Co. raised its position in Orange SA by 2.1% in the third quarter. Genesee Valley Trust Co. now owns 21,078 shares of the company’s stock valued at $328,000 after buying an additional 440 shares during the period. Capstone Asset Management Co. raised its position in shares of Orange SA by 0.9% in the third quarter. Capstone Asset Management Co. now owns 205,081 shares of the company’s stock valued at $3,195,000 after buying an additional 1,850 shares during the last quarter. Telemus Capital LLC raised its position in shares of Orange SA by 7.3% in the third quarter. Telemus Capital LLC now owns 15,629 shares of the company’s stock valued at $243,000 after buying an additional 1,059 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of Orange SA by 125.8% in the third quarter. Eqis Capital Management Inc. now owns 311,831 shares of the company’s stock valued at $4,858,000 after buying an additional 173,729 shares during the last quarter.
Shares of Orange SA (NASDAQ:ORAN) traded down 0.96% during midday trading on Monday, hitting $14.39. 401,751 shares of the stock traded hands. The firm has a 50-day moving average price of $15.14 and a 200 day moving average price of $15.65. The stock has a market cap of $38.27 billion and a price-to-earnings ratio of 7.90. Orange SA has a one year low of $14.31 and a one year high of $18.32.
The firm also recently announced a dividend, which will be paid on Wednesday, December 28th. Investors of record on Friday, December 2nd will be issued a dividend of $0.135 per share. The ex-dividend date is Wednesday, November 30th.
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ORAN has been the topic of several research reports. Credit Suisse Group AG raised Orange SA from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 27th. Bank of America Corp. lowered Orange SA from a “buy” rating to a “neutral” rating in a report on Wednesday, August 31st. Finally, HSBC lowered Orange SA from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Monday, October 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $16.00.
About Orange SA
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.
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