Yousif Capital Management LLC Has $1.28 Million Stake in Ormat Technologies, Inc. (NYSE:ORA)

Yousif Capital Management LLC cut its stake in Ormat Technologies, Inc. (NYSE:ORA) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,881 shares of the energy company’s stock after selling 879 shares during the period. Yousif Capital Management LLC’s holdings in Ormat Technologies were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. grew its position in Ormat Technologies by 6.1% in the third quarter. Global Alpha Capital Management Ltd. now owns 2,446,624 shares of the energy company’s stock valued at $188,125,000 after purchasing an additional 140,882 shares in the last quarter. Geode Capital Management LLC grew its stake in Ormat Technologies by 1.8% in the third quarter. Geode Capital Management LLC now owns 1,301,291 shares of the energy company’s stock valued at $100,140,000 after purchasing an additional 22,714 shares in the last quarter. Summit Partners Public Asset Management LLC increased its position in shares of Ormat Technologies by 16.7% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 350,000 shares of the energy company’s stock worth $26,929,000 after purchasing an additional 50,000 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Ormat Technologies during the 3rd quarter worth approximately $19,096,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its holdings in shares of Ormat Technologies by 57.3% in the 4th quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 223,937 shares of the energy company’s stock valued at $15,165,000 after buying an additional 81,547 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.

Ormat Technologies Stock Performance

Shares of ORA stock opened at $62.95 on Friday. Ormat Technologies, Inc. has a 52 week low of $59.41 and a 52 week high of $84.30. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 3.01 and a beta of 0.57. The company has a 50-day simple moving average of $67.88 and a 200 day simple moving average of $73.74. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.95.

Insider Transactions at Ormat Technologies

In other news, Director David Granot sold 1,256 shares of Ormat Technologies stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $82.00, for a total transaction of $102,992.00. Following the completion of the sale, the director now owns 3,576 shares of the company’s stock, valued at approximately $293,232. This trade represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the transaction, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ORA shares. Jefferies Financial Group began coverage on shares of Ormat Technologies in a report on Friday, January 10th. They set a “hold” rating and a $73.00 target price on the stock. Oppenheimer boosted their price objective on shares of Ormat Technologies from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Roth Mkm reiterated a “buy” rating and issued a $92.00 target price (up from $87.00) on shares of Ormat Technologies in a research note on Friday, November 8th. Finally, Piper Sandler initiated coverage on Ormat Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $78.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Ormat Technologies presently has an average rating of “Hold” and an average price target of $82.25.

Ormat Technologies Company Profile

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.