Teachers Advisors LLC grew its stake in shares of Ormat Technologies, Inc. (NYSE:ORA) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,761 shares of the energy company’s stock after buying an additional 3,356 shares during the quarter. Teachers Advisors LLC owned about 0.16% of Ormat Technologies worth $4,478,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ORA. Atlantic Trust LLC bought a new stake in shares of Ormat Technologies in the 3rd quarter worth approximately $108,000. Highland Capital Management LP bought a new stake in shares of Ormat Technologies in the 3rd quarter worth approximately $216,000. AQR Capital Management LLC bought a new stake in shares of Ormat Technologies in the 3rd quarter worth approximately $278,000. Yorktown Management & Research Co Inc raised its holdings in shares of Ormat Technologies by 23.9% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 5,700 shares of the energy company’s stock worth $308,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Man Group plc bought a new stake in shares of Ormat Technologies in the 3rd quarter worth approximately $313,000. Institutional investors own 74.82% of the company’s stock.
In other news, Director David Granot sold 759 shares of Ormat Technologies stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $54.00, for a total value of $40,986.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.
A number of analysts recently commented on ORA shares. ValuEngine upgraded shares of Ormat Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Zacks Investment Research downgraded shares of Ormat Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.80.
Shares of Ormat Technologies stock traded down $0.02 during trading on Monday, hitting $57.00. The stock had a trading volume of 116,300 shares, compared to its average volume of 119,014. The company has a market cap of $2.89 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 2.33 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.06 and a quick ratio of 0.97. Ormat Technologies, Inc. has a 1 year low of $45.79 and a 1 year high of $65.49.
Ormat Technologies Profile
Ormat Technologies, Inc engages in the geothermal and recovered energy power business worldwide. The company operates through Electricity and Product segments. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. This segment also offers energy storage, demand response, and energy management related services.
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