Gallacher Capital Management LLC Grows Position in Orange S.A. (NYSE:ORAN)

Gallacher Capital Management LLC raised its position in Orange S.A. (NYSE:ORAN) by 18.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 43,925 shares of the technology company’s stock after purchasing an additional 6,757 shares during the period. Gallacher Capital Management LLC’s holdings in Orange were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brandes Investment Partners LP increased its holdings in shares of Orange by 60.7% in the 4th quarter. Brandes Investment Partners LP now owns 1,642,782 shares of the technology company’s stock valued at $18,777,000 after acquiring an additional 620,438 shares during the period. Thornburg Investment Management Inc. increased its stake in Orange by 20.6% in the first quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock valued at $10,661,000 after purchasing an additional 155,549 shares during the period. QRG Capital Management Inc. increased its stake in Orange by 10.1% in the fourth quarter. QRG Capital Management Inc. now owns 329,342 shares of the technology company’s stock valued at $3,764,000 after purchasing an additional 30,225 shares during the period. Natixis Advisors L.P. raised its holdings in shares of Orange by 4.2% in the fourth quarter. Natixis Advisors L.P. now owns 312,702 shares of the technology company’s stock valued at $3,574,000 after buying an additional 12,696 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its stake in shares of Orange by 16.6% during the second quarter. Simplicity Wealth LLC now owns 310,388 shares of the technology company’s stock worth $3,101,000 after buying an additional 44,290 shares during the period.

Analyst Upgrades and Downgrades

ORAN has been the topic of several recent research reports. New Street Research upgraded Orange to a “strong-buy” rating in a research report on Monday, July 8th. Sanford C. Bernstein initiated coverage on Orange in a report on Friday, May 24th. They issued an “outperform” rating on the stock. Finally, StockNews.com upgraded Orange from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $13.08.

Orange Stock Performance

Shares of ORAN opened at $11.94 on Friday. The stock’s 50 day moving average is $11.12 and its two-hundred day moving average is $11.21. Orange S.A. has a twelve month low of $9.82 and a twelve month high of $12.41. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.87.

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.