Ormat Technologies, Inc. (NYSE:ORA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Ormat Technologies, Inc. (NYSE:ORA) by 33.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,372 shares of the energy company’s stock after selling 2,231 shares during the period. SG Americas Securities LLC’s holdings in Ormat Technologies were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Ormat Technologies by 1.7% during the 2nd quarter. Royal Bank of Canada now owns 2,008 shares of the energy company’s stock valued at $117,000 after purchasing an additional 34 shares during the period. Sei Investments Co. raised its holdings in Ormat Technologies by 2.2% in the 2nd quarter. Sei Investments Co. now owns 2,266 shares of the energy company’s stock valued at $133,000 after acquiring an additional 49 shares in the last quarter. Advisor Group Inc. raised its holdings in Ormat Technologies by 153.2% in the 2nd quarter. Advisor Group Inc. now owns 2,302 shares of the energy company’s stock valued at $135,000 after acquiring an additional 1,393 shares in the last quarter. Psagot Investment House Ltd. raised its holdings in Ormat Technologies by 1.6% in the 2nd quarter. Psagot Investment House Ltd. now owns 2,661 shares of the energy company’s stock valued at $156,000 after acquiring an additional 43 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Ormat Technologies by 17.6% in the 2nd quarter. IFP Advisors Inc now owns 3,175 shares of the energy company’s stock valued at $186,000 after acquiring an additional 475 shares in the last quarter. 46.34% of the stock is currently owned by institutional investors.

Ormat Technologies, Inc. (NYSE:ORA) traded up $0.34 during mid-day trading on Thursday, reaching $65.73. The company’s stock had a trading volume of 162,902 shares, compared to its average volume of 173,710. Ormat Technologies, Inc. has a 52-week low of $52.19 and a 52-week high of $66.46. The company has a market capitalization of $3,330.00, a price-to-earnings ratio of 28.21, a PEG ratio of 1.94 and a beta of 1.23. The company has a current ratio of 1.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.65.

Ormat Technologies (NYSE:ORA) last released its quarterly earnings results on Tuesday, November 7th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06). The firm had revenue of $157.20 million during the quarter, compared to analyst estimates of $159.02 million. Ormat Technologies had a net margin of 16.99% and a return on equity of 9.41%. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. sell-side analysts expect that Ormat Technologies, Inc. will post 2.21 earnings per share for the current year.

A number of equities analysts have recently issued reports on ORA shares. Oppenheimer reissued a “buy” rating and issued a $70.00 target price (up from $65.00) on shares of Ormat Technologies in a report on Wednesday, September 27th. Zacks Investment Research raised Ormat Technologies from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Thursday, October 5th. Roth Capital set a $70.00 price target on Ormat Technologies and gave the company a “buy” rating in a report on Monday, November 13th. TheStreet raised Ormat Technologies from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Finally, Guggenheim started coverage on Ormat Technologies in a research report on Monday. They issued a “buy” rating and a $72.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ormat Technologies has an average rating of “Buy” and a consensus price target of $68.88.

TRADEMARK VIOLATION NOTICE: “Ormat Technologies, Inc. (NYSE:ORA) Shares Sold by SG Americas Securities LLC” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2018/01/11/sg-americas-securities-llc-sells-2231-shares-of-ormat-technologies-inc-ora.html.

Ormat Technologies Company Profile

Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.

Institutional Ownership by Quarter for Ormat Technologies (NYSE:ORA)

Receive News & Ratings for Ormat Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply