Institutional Investor’s Anti-Orbcomm Inc (NASDAQ:ORBC) Sentiment In Q1 2018

June 15, 2018 - By Adrian Erickson


Sentiment for Orbcomm Inc (NASDAQ:ORBC)

Orbcomm Inc (NASDAQ:ORBC) institutional sentiment decreased to 1 in Q1 2018. Its down -0.38, from 1.38 in 2017Q4. The ratio is negative, as 55 funds increased and started new positions, while 55 reduced and sold stakes in Orbcomm Inc. The funds in our partner’s database reported: 54.57 million shares, up from 53.88 million shares in 2017Q4. Also, the number of funds holding Orbcomm Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 18 Reduced: 37 Increased: 34 New Position: 21.

ORBCOMM Inc. provides machine-to-machine and Internet of things solutions in the United States, South America, Japan, Europe, and internationally. The company has market cap of $804.62 million. It offers solutions, including network connectivity, device management, and Web reporting applications that enable businesses and government agencies to track, monitor, and control and communicate with fixed and mobile assets. It currently has negative earnings. The firm also provides satellite automatic identification service data services for vessel navigation and to enhance maritime safety using various network platforms, including its own constellation of low-Earth orbit satellites, and accompanying ground infrastructure to government and commercial customers.

The stock increased 1.18% or $0.12 during the last trading session, reaching $10.26. About 340,745 shares traded. ORBCOMM Inc. (NASDAQ:ORBC) has declined 3.35% since June 15, 2017 and is downtrending. It has underperformed by 15.92% the S&P500.

Analysts await ORBCOMM Inc. (NASDAQ:ORBC) to report earnings on August, 2. They expect $-0.08 EPS, up 33.33 % or $0.04 from last year’s $-0.12 per share. After $-0.12 actual EPS reported by ORBCOMM Inc. for the previous quarter, Wall Street now forecasts -33.33 % EPS growth.

Levy Harkins & Co Inc holds 5.93% of its portfolio in ORBCOMM Inc. for 2.49 million shares. Goodman Financial Corp owns 608,469 shares or 2.68% of their US portfolio. Moreover, Millrace Asset Group Inc. has 1.64% invested in the company for 180,000 shares. The California-based Granite Investment Partners Llc has invested 0.88% in the stock. Marathon Capital Management, a Maryland-based fund reported 236,209 shares.

Since January 1, 0001, it had 0 insider purchases, and 16 selling transactions for $1.11 million activity.

ORBCOMM Inc. (NASDAQ:ORBC) Ratings Coverage

Ratings analysis reveals 100% of Orbcomm Inc’s analysts are positive. Out of 3 Wall Street analysts rating Orbcomm Inc, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $14.0 while the high is $16.0. The stock’s average target of $14.67 is 42.98% above today’s ($10.26) share price. ORBC was included in 6 notes of analysts from January 11, 2018. The rating was maintained by Northland Capital on Tuesday, January 16 with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Monday, April 16. Canaccord Genuity maintained it with “Buy” rating and $1500 target in Thursday, May 3 report. Canaccord Genuity maintained ORBCOMM Inc. (NASDAQ:ORBC) on Thursday, March 1 with “Buy” rating. Roth Capital initiated the stock with “Buy” rating in Friday, February 2 report. The company was maintained on Thursday, January 11 by Canaccord Genuity.

ORBCOMM Inc. (NASDAQ:ORBC) Institutional Positions Chart

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