Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet Ltd Lowers stake in Ormat Technologies (ORA)

Ormat Technologies (ORA) : Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet Ltd reduced its stake in Ormat Technologies by 20.76% during the most recent quarter end. The investment management company now holds a total of 72,116 shares of Ormat Technologies which is valued at $3,115,411 after selling 18,894 shares in Ormat Technologies , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Ormat Technologies makes up approximately 2.81% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet Ltd’s portfolio.

Ormat Technologies opened for trading at $42.59 and hit $43.4399 on the upside on Friday, eventually ending the session at $43.2, with a gain of 1.34% or 0.57 points. The heightened volatility saw the trading volume jump to 1,15,034 shares. Company has a market cap of $2,122 M.

Other Hedge Funds, Including , Capital One National Association boosted its stake in ORA in the latest quarter, The investment management firm added 760 additional shares and now holds a total of 15,384 shares of Ormat Technologies which is valued at $664,589. Ormat Technologies makes up approx 0.06% of Capital One National Association’s portfolio. Clean Yield Group added ORA to its portfolio by purchasing 700 company shares during the most recent quarter which is valued at $29,295. Ormat Technologies makes up approx 0.01% of Clean Yield Group’s portfolio.Creative Planning boosted its stake in ORA in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 1,111 shares of Ormat Technologies which is valued at $44,707.

On the company’s financial health, Ormat Technologies reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 3, 2015. Analyst had a consensus of $0.49. The company had revenue of $162.85 million for the quarter, compared to analysts expectations of $153.71 million. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

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 various countries including the United States of America Kenya and Guatemala. The company’s equipment manufacturing operations are located in Israel. The Company conducts its business activities in two business segments: Electricity Segment and Product Segment. The Product Segment designs manufactures and sells equipment for geothermal and recovered energy-based electricity generation remote power units and other power generating units and provide services relating to the engineering procurement construction operation and maintenance of geothermal and recovered energy-based power plants. The Company’s customers include Southern California Edison Sierra Pacific Power Company Nevada Power Company HELCO and SCPPA.

Leave a Reply

Ormat Technologies - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ormat Technologies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.