Sloane Robinson LLP grew its holdings in Opera Ltd (NASDAQ:OPRA) by 29.8% during the 2nd quarter, Holdings Channel reports. The fund owned 259,800 shares of the company’s stock after purchasing an additional 59,700 shares during the period. Opera makes up about 1.4% of Sloane Robinson LLP’s holdings, making the stock its 14th largest holding. Sloane Robinson LLP’s holdings in Opera were worth $2,712,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in OPRA. Cim LLC acquired a new position in shares of Opera in the 2nd quarter valued at $137,000. WT Asset Management Ltd acquired a new position in shares of Opera in the 1st quarter valued at $50,318,000. FIL Ltd lifted its stake in shares of Opera by 45.3% in the 1st quarter. FIL Ltd now owns 1,581,316 shares of the company’s stock valued at $10,389,000 after purchasing an additional 493,011 shares during the period. CSat Investment Advisory L.P. acquired a new position in shares of Opera in the 1st quarter valued at $1,795,000. Finally, Anchor Capital Advisors LLC lifted its stake in shares of Opera by 52.5% in the 1st quarter. Anchor Capital Advisors LLC now owns 54,530 shares of the company’s stock valued at $358,000 after purchasing an additional 18,770 shares during the period. 4.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of OPRA traded up $0.17 during trading hours on Friday, hitting $12.70. The stock had a trading volume of 10,130 shares, compared to its average volume of 73,407. The firm has a 50-day moving average price of $10.63 and a 200 day moving average price of $9.34. Opera Ltd has a fifty-two week low of $5.31 and a fifty-two week high of $14.20. The firm has a market capitalization of $1.21 billion and a price-to-earnings ratio of 31.53.
Separately, B. Riley started coverage on shares of Opera in a research note on Wednesday, July 17th. They issued a “buy” rating and a $14.50 target price for the company.
Opera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app.
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