Amalgamated Bank Lowers Stock Position in Ormat Technologies, Inc. (NYSE:ORA)

Amalgamated Bank trimmed its stake in Ormat Technologies, Inc. (NYSE:ORAFree Report) by 2.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 32,523 shares of the energy company’s stock after selling 887 shares during the period. Amalgamated Bank’s holdings in Ormat Technologies were worth $2,274,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. IFP Advisors Inc boosted its stake in Ormat Technologies by 248.0% in the second quarter. IFP Advisors Inc now owns 428 shares of the energy company’s stock valued at $34,000 after acquiring an additional 305 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Ormat Technologies by 43.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the energy company’s stock valued at $87,000 after purchasing an additional 303 shares during the period. Toroso Investments LLC grew its stake in Ormat Technologies by 15.8% during the 3rd quarter. Toroso Investments LLC now owns 1,065 shares of the energy company’s stock worth $91,000 after buying an additional 145 shares during the last quarter. Parallel Advisors LLC increased its position in Ormat Technologies by 58.7% during the second quarter. Parallel Advisors LLC now owns 1,162 shares of the energy company’s stock worth $93,000 after buying an additional 430 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Ormat Technologies during the second quarter worth approximately $110,000. 88.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORA has been the topic of a number of research reports. Barclays lowered their target price on shares of Ormat Technologies from $82.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, February 5th. Oppenheimer lowered their price objective on shares of Ormat Technologies from $84.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ormat Technologies from $89.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.00.

Check Out Our Latest Analysis on Ormat Technologies

Ormat Technologies Stock Up 1.6 %

Shares of Ormat Technologies stock opened at $65.07 on Monday. Ormat Technologies, Inc. has a one year low of $58.73 and a one year high of $93.20. The company has a market cap of $3.93 billion, a P/E ratio of 35.75, a PEG ratio of 1.26 and a beta of 0.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.95. The firm has a fifty day moving average of $70.48 and a two-hundred day moving average of $70.63.

Ormat Technologies Profile

(Free Report)

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through 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.

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

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