C WorldWide Group Holding A S Lowers Stock Position in OR Royalties Inc. $OR

Key Points

• C WorldWide Group Holding A S cut its OR Royalties position by 31.2% in the second quarter, selling 34,281 shares and retaining 75,522 shares valued at approximately $2.39 million. Institutional investors and hedge funds collectively own 68.52% of the stock.
• Analyst sentiment weakened, with multiple firms lowering price targets and ratings. OR Royalties has a consensus rating of “Hold” and an average price target of $40.50.
• OR Royalties reported quarterly EPS of $0.32, slightly ahead of estimates, on revenue of $97.82 million. The company also declared a quarterly dividend of $0.065 per share, equivalent to a 0.7% annualized yield.

C WorldWide Group Holding A S decreased its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 31.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,522 shares of the basic materials company's stock after selling 34,281 shares during the quarter. C WorldWide Group Holding A S's holdings in OR Royalties were worth $2,389,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in OR. Squarepoint Ops LLC increased its holdings in shares of OR Royalties by 240.1% in the second quarter. Squarepoint Ops LLC now owns 45,543 shares of the basic materials company's stock valued at $1,441,000 after purchasing an additional 32,152 shares during the period. Nykredit A S acquired a new stake in shares of OR Royalties during the second quarter worth $228,000. Groupe la Francaise grew its position in OR Royalties by 2.5% in the 2nd quarter. Groupe la Francaise now owns 205,000 shares of the basic materials company's stock valued at $6,494,000 after buying an additional 5,000 shares during the last quarter. Addenda Capital Inc. increased its stake in OR Royalties by 14.5% in the 2nd quarter. Addenda Capital Inc. now owns 43,509 shares of the basic materials company's stock valued at $1,376,000 after buying an additional 5,505 shares during the period. Finally, BTG Pactual Asset Management US LLC purchased a new position in OR Royalties during the 2nd quarter worth $930,000. 68.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OR has been the topic of several analyst reports. Zacks Research downgraded shares of OR Royalties from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Scotiabank reduced their price objective on shares of OR Royalties from $51.00 to $42.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 14th. Jefferies Financial Group lowered their price objective on OR Royalties from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Monday, July 6th. Weiss Ratings cut OR Royalties from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada cut their target price on OR Royalties from $50.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $40.50.

OR Royalties Stock Performance

NYSE:OR opened at $36.88 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. OR Royalties Inc. has a fifty-two week low of $27.54 and a fifty-two week high of $48.06. The stock has a market cap of $6.87 billion, a PE ratio of 24.59 and a beta of 0.80. The firm's fifty day simple moving average is $32.55 and its 200-day simple moving average is $36.16.

OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $97.82 million during the quarter, compared to analysts' expectations of $97.93 million. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. Analysts expect that OR Royalties Inc. will post 1.25 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. OR Royalties's dividend payout ratio (DPR) is presently 16.67%.

About OR Royalties

OR Royalties PLC NYSE: OR is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company's core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.

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