Todd Asset Management LLC Sells 41,501 Shares of Orange S.A. (NYSE:ORAN)

Todd Asset Management LLC lessened its stake in shares of Orange S.A. (NYSE:ORAN) by 64.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,996 shares of the technology company’s stock after selling 41,501 shares during the period. Todd Asset Management LLC’s holdings in Orange were worth $263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new position in Orange during the third quarter valued at approximately $40,000. CWM LLC grew its position in Orange by 53.1% in the fourth quarter. CWM LLC now owns 3,586 shares of the technology company’s stock valued at $41,000 after acquiring an additional 1,244 shares during the last quarter. Lindbrook Capital LLC raised its stake in Orange by 17.2% during the third quarter. Lindbrook Capital LLC now owns 9,465 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,390 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Orange by 31,643.3% in the fourth quarter. Blue Trust Inc. now owns 9,523 shares of the technology company’s stock worth $109,000 after acquiring an additional 9,493 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Orange in the 4th quarter valued at approximately $117,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Orange in a research report on Wednesday, April 17th. They set an “overweight” rating for the company. StockNews.com cut Orange from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.08.

Orange Stock Performance

Shares of ORAN stock traded up $0.13 during mid-day trading on Friday, reaching $11.22. 248,679 shares of the stock traded hands, compared to its average volume of 457,134. The stock’s fifty day simple moving average is $11.44 and its two-hundred day simple moving average is $11.66. Orange S.A. has a 1-year low of $10.97 and a 1-year high of $12.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.83.

Orange Company 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.