Mercer Global Advisors Inc. ADV Lowers Stock Position in Orange S.A. (NYSE:ORAN)

Mercer Global Advisors Inc. ADV reduced its position in Orange S.A. (NYSE:ORAN) by 12.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,440 shares of the technology company’s stock after selling 24,153 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Orange were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORAN. Thornburg Investment Management Inc. raised its holdings in shares of Orange by 20.6% in the 1st quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock worth $10,661,000 after purchasing an additional 155,549 shares during the period. Hantz Financial Services Inc. purchased a new position in Orange in the second quarter valued at approximately $1,411,000. Leo Wealth LLC acquired a new position in Orange during the fourth quarter valued at approximately $1,225,000. American Century Companies Inc. grew its stake in Orange by 6.2% during the second quarter. American Century Companies Inc. now owns 1,042,285 shares of the technology company’s stock worth $10,412,000 after buying an additional 60,606 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Orange by 75.7% in the fourth quarter. BNP Paribas Financial Markets now owns 133,502 shares of the technology company’s stock worth $1,526,000 after acquiring an additional 57,505 shares in the last quarter.

Orange Stock Performance

Orange stock opened at $12.09 on Tuesday. 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 firm’s fifty day moving average price is $11.45 and its 200 day moving average price is $11.24. The company has a market capitalization of $32.12 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.81 and a beta of 0.22. Orange S.A. has a 12-month low of $9.82 and a 12-month high of $12.41.

Wall Street Analyst Weigh In

ORAN has been the subject of a number of research reports. StockNews.com raised shares of Orange from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. New Street Research raised Orange to a “strong-buy” rating in a research report on Monday, July 8th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.