Cubist Systematic Strategies LLC trimmed its stake in shares of Ormat Technologies, Inc. (NYSE:ORA) by 69.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,488 shares of the energy company’s stock after selling 5,645 shares during the period. Cubist Systematic Strategies LLC’s holdings in Ormat Technologies were worth $152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Ormat Technologies by 1.7% during the second quarter. Royal Bank of Canada now owns 2,008 shares of the energy company’s stock valued at $117,000 after acquiring an additional 34 shares in the last quarter. Advisor Group Inc. grew its stake in Ormat Technologies by 153.2% during the second 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. grew its stake in Ormat Technologies by 1.6% during the second 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. Victory Capital Management Inc. grew its stake in Ormat Technologies by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,964 shares of the energy company’s stock valued at $233,000 after acquiring an additional 595 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in Ormat Technologies by 1.0% during the second quarter. Hanseatic Management Services Inc. now owns 4,940 shares of the energy company’s stock valued at $290,000 after acquiring an additional 48 shares in the last quarter. 46.34% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet raised shares of Ormat Technologies from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Oppenheimer reaffirmed a “buy” rating and set a $70.00 target price (up from $65.00) on shares of Ormat Technologies in a research note on Wednesday, September 27th. Guggenheim assumed coverage on shares of Ormat Technologies in a research note on Monday, January 8th. They set a “buy” rating and a $72.00 target price for the company. Finally, Roth Capital set a $70.00 target price on shares of Ormat Technologies and gave the company a “buy” rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.71.

Ormat Technologies, Inc. (NYSE ORA) opened at $66.07 on Friday. Ormat Technologies, Inc. has a 52 week low of $52.38 and a 52 week high of $66.46. The company has a market cap of $3,340.00, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. The company has a quick ratio of 1.62, a current ratio of 1.72 and a debt-to-equity ratio of 0.65.

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

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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)

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