American Century Companies Inc. Boosts Stake in Orange S.A. (NYSE:ORAN)

American Century Companies Inc. grew its stake in Orange S.A. (NYSE:ORAN) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,042,285 shares of the technology company’s stock after acquiring an additional 60,606 shares during the quarter. American Century Companies Inc.’s holdings in Orange were worth $10,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Orange during the first quarter valued at approximately $39,000. GAMMA Investing LLC increased its position in shares of Orange by 118.2% during the first quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,984 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Orange during the 2nd quarter valued at $60,000. Tucker Asset Management LLC acquired a new stake in shares of Orange in the 4th quarter worth $76,000. Finally, EverSource Wealth Advisors LLC grew its stake in Orange by 13.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock worth $95,000 after buying an additional 965 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ORAN shares. New Street Research upgraded Orange to a “strong-buy” rating in a research note on Monday, July 8th. StockNews.com upgraded shares of Orange from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Orange currently has a consensus rating of “Buy” and an average price target of $13.08.

Orange Price Performance

NYSE ORAN opened at $12.11 on Monday. The company has a market cap of $32.18 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.81 and a beta of 0.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.94 and a quick ratio of 0.91. The stock’s fifty day moving average price is $11.43 and its 200 day moving average price is $11.23. Orange S.A. has a 1 year low of $9.82 and a 1 year high of $12.41.

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.