Institutional Investors Sentiment Indicator of Orbcomm Inc (NASDAQ:ORBC) Crashes in 2018 Q1

September 8, 2018 - By Carolyn Hewitt

ORBCOMM Inc. (NASDAQ:ORBC) Logo

Sentiment for Orbcomm Inc (NASDAQ:ORBC)

Orbcomm Inc (NASDAQ:ORBC) institutional sentiment decreased to 1 in 2018 Q1. Its down -0.38, from 1.38 in 2017Q4. The ratio worsened, as 55 funds increased and opened new equity positions, while 55 decreased and sold their holdings in Orbcomm Inc. The funds in our partner’s database now have: 54.57 million shares, up from 53.88 million shares in 2017Q4. Also, the number of funds holding Orbcomm Inc in their top 10 equity 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 $850.22 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 0.84% or $0.09 during the last trading session, reaching $10.82. About 747,192 shares traded or 20.52% up from the average. ORBCOMM Inc. (NASDAQ:ORBC) has declined 3.35% since September 8, 2017 and is downtrending. It has underperformed by 15.92% the S&P500.

Analysts await ORBCOMM Inc. (NASDAQ:ORBC) to report earnings on November, 1. They expect $-0.05 earnings per share, up 50.00 % or $0.05 from last year’s $-0.1 per share. After $-0.09 actual earnings per share reported by ORBCOMM Inc. for the previous quarter, Wall Street now forecasts -44.44 % 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 5 insider sales for $236,502 activity.

More news for ORBCOMM Inc. (NASDAQ:ORBC) were recently published by: Seekingalpha.com, which released: “Orbcomm taps Ford as new chief financial officer” on August 21, 2018. Globenewswire.com‘s article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within TrueCar, ORBCOMM, Applied Optoelectronics …” and published on August 29, 2018 is yet another important article.

ORBCOMM Inc. (NASDAQ:ORBC) Institutional Positions Chart

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