Gabelli Funds LLC Decreases Holdings in Orange SA (ORAN)

Gabelli Funds LLC trimmed its holdings in shares of Orange SA (NASDAQ:ORAN) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,000 shares of the technology company’s stock after selling 5,000 shares during the period. Gabelli Funds LLC’s holdings in Orange SA were worth $1,888,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Tennessee Treasury Department acquired a new stake in Orange SA during the 2nd quarter valued at approximately $3,180,000. Advisors Management Group Inc. ADV lifted its stake in Orange SA by 3.5% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 64,784 shares of the technology company’s stock valued at $1,035,000 after acquiring an additional 2,191 shares during the period. AMG National Trust Bank lifted its stake in Orange SA by 58.5% during the 2nd quarter. AMG National Trust Bank now owns 146,901 shares of the technology company’s stock valued at $2,347,000 after acquiring an additional 54,236 shares during the period. PNC Financial Services Group Inc. lifted its stake in Orange SA by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,423 shares of the technology company’s stock valued at $224,000 after acquiring an additional 2,311 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Orange SA by 10,463.4% during the 1st quarter. JPMorgan Chase & Co. now owns 47,641 shares of the technology company’s stock valued at $740,000 after acquiring an additional 47,190 shares during the period.

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Orange SA (NASDAQ:ORAN) opened at $16.46 on Tuesday. Orange SA has a 1-year low of $13.98 and a 1-year high of $17.63.

Several equities analysts have recently weighed in on ORAN shares. Zacks Investment Research lowered shares of Orange SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. BNP Paribas reaffirmed an “underperform” rating on shares of Orange SA in a report on Tuesday, September 5th. BidaskClub raised shares of Orange SA from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Bank of America Corporation raised shares of Orange SA from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.00.

Orange SA Profile

Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.

Institutional Ownership by Quarter for Orange SA (NASDAQ:ORAN)

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