Friedberg Investment Management Lowered Its Ormat Technologies (ORA) Position; Scansource (SCSC) Has 1.26 Sentiment

January 30, 2018 - By Adrian Erickson

ScanSource, Inc. distributes technology products and solutions in North America, Latin America, and Europe. The company has market cap of $884.53 million. The companyÂ’s Worldwide Barcode, Networking & Security segment focuses on automatic identification and data capture , point-of-sale (POS), networking, electronic physical security, 3D printing, and other specialty technologies. It has a 15.16 P/E ratio. The Company’s AIDC and POS products are used to automate the collection, processing, and communication of information for commercial and industrial applications, such as retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications; electronic physical security products, including identification, access control, video surveillance, intrusion-related, wireless, and networking infrastructure products; and 3D printing solutions to replace and complement traditional methods, as well as reduce the time and cost of designing new products.

Friedberg Investment Management decreased Ormat Technologies Inc (ORA) stake by 61.41% reported in 2017Q3 SEC filing. Friedberg Investment Management sold 46,200 shares as Ormat Technologies Inc (ORA)’s stock rose 0.69%. The Friedberg Investment Management holds 29,030 shares with $1.77M value, down from 75,230 last quarter. Ormat Technologies Inc now has $3.53 billion valuation. The stock increased 0.03% or $0.02 during the last trading session, reaching $69.85. About 7,034 shares traded. Ormat Technologies, Inc. (NYSE:ORA) has risen 34.71% since January 30, 2017 and is uptrending. It has outperformed by 18.01% the S&P500.

Since August 7, 2017, it had 0 buys, and 11 sales for $7.29 million activity. Klein Erez had sold 18,068 shares worth $1.05M on Tuesday, September 26. Hatzir Shimon sold $285,737 worth of stock or 4,843 shares. On Thursday, September 14 Granot David sold $144,150 worth of Ormat Technologies, Inc. (NYSE:ORA) or 2,500 shares. Argas Shlomi sold $1.37M worth of stock or 22,444 shares. Rosner Etty sold $601,276 worth of Ormat Technologies, Inc. (NYSE:ORA) on Thursday, September 28. Shares for $433,125 were sold by JOYAL ROBERT EUGENE on Monday, August 7. The insider Krieger Zvi sold 7,563 shares worth $467,091.

Analysts await Ormat Technologies, Inc. (NYSE:ORA) to report earnings on February, 27. They expect $0.55 EPS, down 1.79% or $0.01 from last year’s $0.56 per share. ORA’s profit will be $27.83M for 31.75 P/E if the $0.55 EPS becomes a reality. After $0.42 actual EPS reported by Ormat Technologies, Inc. for the previous quarter, Wall Street now forecasts 30.95% EPS growth.

Among 8 analysts covering Ormat Technologies Inc (NYSE:ORA), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ormat Technologies Inc had 20 analyst reports since January 4, 2016 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Thursday, January 25. The stock has “Buy” rating by Roth Capital on Monday, November 13. As per Friday, September 22, the company rating was maintained by Cowen & Co. The firm has “Buy” rating given on Wednesday, January 24 by Cowen & Co. The firm earned “Buy” rating on Thursday, January 25 by Roth Capital. The company was downgraded on Friday, May 6 by JP Morgan. The rating was maintained by Cowen & Co with “Buy” on Monday, October 23. On Wednesday, June 7 the stock rating was upgraded by JP Morgan to “Overweight”. The firm has “Buy” rating by Cowen & Co given on Monday, July 17. The stock of Ormat Technologies, Inc. (NYSE:ORA) has “Buy” rating given on Friday, August 18 by Cowen & Co.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.20, from 1.3 in 2017Q2. It fall, as 16 investors sold ORA shares while 52 reduced holdings. 18 funds opened positions while 57 raised stakes. 20.98 million shares or 1.96% more from 20.58 million shares in 2017Q2 were reported. Miller Howard Invests Incorporated Ny has 0.04% invested in Ormat Technologies, Inc. (NYSE:ORA) for 29,219 shares. Jpmorgan Chase accumulated 265,862 shares. 82,265 are owned by Kbc Gp Nv. 5,142 were reported by Sei Company. Renaissance Technologies Limited Liability Corporation holds 0.09% or 1.27M shares. Northwestern Mutual Wealth Mgmt invested in 178 shares. Public Employees Retirement Association Of Colorado has invested 0% in Ormat Technologies, Inc. (NYSE:ORA). Voya Invest Ltd Liability Corporation holds 17,824 shares or 0% of its portfolio. 74,862 are owned by California Employees Retirement System. Zacks Investment Management owns 26,202 shares. Trexquant Investment LP holds 0.18% in Ormat Technologies, Inc. (NYSE:ORA) or 11,966 shares. Ohio-based Bowling Port Mgmt Ltd Liability Co has invested 0.18% in Ormat Technologies, Inc. (NYSE:ORA). Product Partners Ltd Company has 57,799 shares. Teachers Ins Annuity Association Of America, New York-based fund reported 11,688 shares. Manufacturers Life The reported 30,444 shares.

Since January 1, 0001, it had 0 insider purchases, and 3 sales for $2.58 million activity.

Profit Investment Management Llc holds 1.47% of its portfolio in ScanSource, Inc. for 38,576 shares. Canal Insurance Co owns 65,400 shares or 1% of their US portfolio. Moreover, Smith Graham & Co. Investment Advisors Lp has 0.77% invested in the company for 168,278 shares. The New York-based Capital Management Associates Ny has invested 0.59% in the stock. Hussman Strategic Advisors Inc., a Maryland-based fund reported 52,400 shares.