Economy

Insiders Selling, Short Interest Growing Ormat Technologies, Inc. (NYSE:ORA)

Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.4 average brokerage recommendation. 27, 2017. The company's shares were given away at $59.5 per share worth to an income of some $685,619 on account of Argas Shlomi.

ORA has been the topic of a number of research reports.

Investors of this company earned a return of 4.50% on the assets it owns in past twelve month. Millennium Ltd Liability Corporation reported 21,570 shares stake. The EVP now owns $0 of the stock per the Form 4 SEC filing. The shares were purchased at an average price of $58.50. Guinness Asset Ltd reported 4,820 shares. Ameriprise Financial Inc sold 5,604 shares as Ormat Technologies Inc (ORA)'s stock rose 0.69%.

Investors are sharpening their focus on shares of Ormat Technologies, Inc. Mitchell Capital Management Co owns 112,030 shares or 2.51% of their U.S. portfolio.

Ormat Technologies, Inc. also recently announced a dividend that was paid on Tue Aug 29, 2017. We have $57.28 PT which if reached, will make NYSE:ORA worth $182.40M less. American Century Inc accumulated 98,748 shares. Sei Invs Communications has 2,266 shares for 0% of their portfolio. Vanguard Group Inc. now owns 3,223,631 shares of the energy company's stock valued at $184,006,000 after buying an additional 177,288 shares during the last quarter.

Since January 1, 0001, it had 0 insider buys, and 11 insider sales for $3.95 million activity. $427,500 worth of Ormat Technologies, Inc. It also upped Stag Industrial Inc (NYSE:STAG) stake by 90,831 shares and now owns 352,428 shares. Ormat Technologies's revenue for the quarter was up 12.2% compared to the same quarter previous year. (NYSE:ORA) rating on Friday, May 5. Ormat Technologies's yield ratio (DPR) is presently 14.61%. (NYSE:ORA) on Friday, May 12. (NYSE:ORA) shares were sold by Rosner Etty. The third largest holder is Clal Insurance Enterprises Holdings Ltd, which now holds $93.67 million worth of this stock and that ownership represents almost 2.95% of its market capitalization. Illinois-based Chicago Equity Partners Ltd has invested 0.14% in Ormat Technologies, Inc. Renaissance Technologies LLC now owns 921,157 shares of the energy company's stock valued at $52,580,000 after buying an additional 179,900 shares during the last quarter. About 88,561 shares traded. Ormat Technologies, Inc. (NYSE:ORA) has risen 34.71% since September 28, 2016 and is uptrending. It has outperformed by 18.01% the S&P500.The move comes after 6 months positive chart setup for the $3.05B company. Raymond James Assocs reported 16,045 shares or 0% of all its holdings. As of the last earnings report the EPS was $2.19 and is projected to be $2.29 for the current year with 49,910,000 shares outstanding. They expect $0.49 earnings per share, down 12.50% or $0.07 from last year's $0.56 per share. ORA's profit will be $24.44 million for 31.09 P/E if the $0.49 EPS becomes a reality. Oppenheimer Holdings, Inc. restated a "buy" rating and set a $70.00 price objective (up previously from $65.00) on shares of Ormat Technologies in a research report on Wednesday. Dimensional Fund Advisors LP grew its position in Ormat Technologies by 5.2% during the 1st quarter. (NYSE:ORA) has "Buy" rating given on Monday, July 17 by Cowen & Co. BlackRock Inc. raised its position in Ormat Technologies by 6,068.3% in the 1st quarter. Implements Corporate Governance Changes in Connection ..." published on July 26, 2017 as well as Seekingalpha.com's news article titled: "Ormat Technologies: Geothermal Expert's 2017 Guidance A Yellow Flag" with publication date: "March 08, 2017. Therefore 83% are positive.

Ormat Technologies, Inc. has a one year low of $45.30 and a one year high of $63.56. On Wednesday, June 7 the stock rating was upgraded by JP Morgan to "Overweight". The firm has "Buy" rating given on Friday, May 5 by Oppenheimer. Oppenheimer has "Buy" rating and $65 target. (NYSE:ORA) has "Mkt Outperform" rating given on Monday, December 19 by Avondale. The correct version of this report can be viewed at https://weekherald.com/2017/09/29/ormat-technologies-ora-given-coverage-optimism-rating-of-0-16.html. The company was downgraded on Friday, May 6 by JP Morgan. The rating was maintained by Cowen & Co on Friday, September 22 with "Buy". The value of the investment in (ORA) went from $1,561,000 to $1,599,000 a change of $38,000 for the reporting period. The short-interest ratio decreased to 3.0 and the percentage of shorted shares is 0.01% as of August 31.



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