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Allianz Asset Management GmbH reduced its stake in Ormat Technologies, Inc. (NYSE: ORA) shares by 54.2% in the first quarter, according to the fund held 99,215 shares from the energy company after selling 117,565 shares during the period, while Allianz Asset Management GmbH held approximately 0.20% of Ormat Technologies for an amount of $ 5,594,000.
Several other hedge funds and other institutional investors recently changed their position in ORA: Cubist Systematic Strategies LLC purchased a new equity interest in Ormat Technologies during the first quarter, valued at $ 182,000. Securities LLC has raised its holdings of Ormat Technologies shares by 37.1% in the first quarter SG Americas Securities LLC now holds 3,946 shares of stock k valued at $ 222,000 after the purchase of 1,068 additional shares during the last quarter. West Branch Capital LLC purchased a new equity interest in Ormat Technologies during the first quarter, valued at $ 235,000. Xact Kapitalforvaltning AB bought a new equity stake in Ormat Technologies during the fourth quarter, valued at $ 265,000. Finally, Oppenheimer Asset Management Inc. acquired a new equity interest in Ormat Technologies during the first quarter, valued at $ 267,000. 70.73% of the shares are held by institutional investors and hedge funds.
Vice President Erez Klein sold 4,120 shares in a transaction dated Friday, June 22. The stock was sold at an average price of $ 54.50, for a total value of $ 224,540.00. As a result of the sale, the Vice-President now holds directly 4,120 shares of the Company, valued at approximately $ 224,540. The sale has been disclosed in a document filed with the SEC, which can be accessed through this hypertext link. 0.50% of the stock is currently held by insiders.
Shares of Ormat Technologies opened at $ 51.81 on Wednesday, reports Marketbeat Ratings. The stock has a market capitalization of $ 2.62 billion, a price / earnings ratio of 17.21, a price / earnings ratio of 2.34 and a beta of 1.34. The company has a debt ratio of 0.64, a ratio of 1.57 and a ratio of 1.47. Ormat Technologies, Inc. has a low of $ 50.20 in one year and a high of $ 70.68 in one year.
Ormat Technologies (NYSE: ORA) last announced its quarterly results on Monday, May 7th. The energy company reported earnings per share (EPS) of $ 0.48 for the quarter, compared with a consensus estimate of $ 0.57 ($ 0.09). The activity generated a turnover of $ 184.00 million during the quarter, compared with $ 176.72 million for badysts. Ormat Technologies recorded a return on equity of 11.03% and a net margin of 24.00%. Company revenues fell 3.1% from one year to the next. During the same period of the previous year, the company posted earnings per share of $ 0.70. Research badysts predict that Ormat Technologies, Inc. will post earnings per share of 2.01 for the current year.
Several equity research badysts recently commented on the company. Zacks Investment Research upgraded Ormat Technologies from a "hold" rating to a "buy" rating and set a target price of $ 58.00 for the company in a report on Wednesday, July 18th. Guggenheim downgraded Ormat Technologies from a "buy" rating to a "neutral" rating and set a target price of $ 72.00 for the company. in a report on Wednesday 13 June. Roth Capital set a price target of $ 67.00 on Ormat Technologies and awarded the title a "buy" rating in a research note on Sunday, May 20th. JPMorgan Chase & Co. downgraded Ormat Technologies from an "overweight" rating to a "neutral" rating and set a target price of $ 62.00 for the company. in a research note on Monday, May 14th. Finally, ValuEngine downgraded Ormat Technologies from a "hold" rating to a "sell" rating in a research note on Tuesday, May 8th. An equity research badyst rated the stock with a sales note, four badigned a conservation rating and three gave a buy-to-action rating from the company. The company currently has an average rating of "Hold" and an average target price of $ 66.00.
Ormat Technologies Company Profile
Ormat Technologies, Inc. is engaged in the geothermal energy sector and recovered. The company operates in the electricity and products sectors. The electricity sector develops, builds, owns and operates geothermal and energy recovery power plants; and sells electricity. This segment also offers services related to energy storage, demand response and energy management.
History: Understanding Analyst Notes
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