News (NWSA) Holder Quinn Opportunity Partners Trimmed Position; As Orbcomm (ORBC) Stock Price Declined, Shareholder Hood River Capital Management Has Cut by $3.91 Million Its Stake

April 22, 2018 - By Clifton Ray

ORBCOMM Inc. (NASDAQ:ORBC) Logo

Quinn Opportunity Partners Llc decreased its stake in News Corp (NWSA) by 34.46% based on its latest 2017Q4 regulatory filing with the SEC. Quinn Opportunity Partners Llc sold 135,558 shares as the company’s stock declined 5.12% with the market. The institutional investor held 257,800 shares of the newspapers and magazines company at the end of 2017Q4, valued at $4.18M, down from 393,358 at the end of the previous reported quarter. Quinn Opportunity Partners Llc who had been investing in News Corp for a number of months, seems to be less bullish one the $9.47 billion market cap company. The stock decreased 0.12% or $0.02 during the last trading session, reaching $16.17. About 2.23M shares traded or 7.02% up from the average. News Corporation (NASDAQ:NWSA) has risen 23.85% since April 22, 2017 and is uptrending. It has outperformed by 12.30% the S&P500.

Hood River Capital Management Llc decreased its stake in Orbcomm Inc (ORBC) by 29.43% based on its latest 2017Q4 regulatory filing with the SEC. Hood River Capital Management Llc sold 391,468 shares as the company’s stock declined 4.41% with the market. The institutional investor held 938,523 shares of the telecommunications equipment company at the end of 2017Q4, valued at $9.55M, down from 1.33M at the end of the previous reported quarter. Hood River Capital Management Llc who had been investing in Orbcomm Inc for a number of months, seems to be less bullish one the $722.31M market cap company. The stock decreased 1.69% or $0.16 during the last trading session, reaching $9.29. About 224,576 shares traded. ORBCOMM Inc. (NASDAQ:ORBC) has risen 5.65% since April 22, 2017 and is uptrending. It has underperformed by 5.90% the S&P500.

Among 7 analysts covering News Corporation (NASDAQ:NWSA), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. News Corporation had 15 analyst reports since July 27, 2015 according to SRatingsIntel. Macquarie Research upgraded the shares of NWSA in report on Monday, July 27 to “Outperform” rating. The stock has “Buy” rating by Jefferies on Monday, June 26. The company was maintained on Thursday, February 8 by Jefferies. On Thursday, July 27 the stock rating was maintained by Jefferies with “Buy”. Jefferies maintained News Corporation (NASDAQ:NWSA) on Monday, September 11 with “Buy” rating. As per Monday, November 9, the company rating was downgraded by Wells Fargo. The firm earned “Underperform” rating on Thursday, October 27 by Bank of America. Jefferies maintained it with “Buy” rating and $17.0 target in Monday, October 16 report. The stock of News Corporation (NASDAQ:NWSA) earned “Outperform” rating by CLSA on Monday, May 9. The firm has “Outperform” rating given on Tuesday, November 8 by CLSA.

Analysts await News Corporation (NASDAQ:NWSA) to report earnings on May, 10 after the close. They expect $0.07 earnings per share, 0.00% or $0.00 from last year’s $0.07 per share. NWSA’s profit will be $40.97M for 57.75 P/E if the $0.07 EPS becomes a reality. After $0.24 actual earnings per share reported by News Corporation for the previous quarter, Wall Street now forecasts -70.83% negative EPS growth.

Quinn Opportunity Partners Llc, which manages about $606.80M US Long portfolio, upped its stake in Bed Bath & Beyond Inc (NASDAQ:BBBY) by 27,883 shares to 214,000 shares, valued at $4.71M in 2017Q4, according to the filing. It also increased its holding in Barnes & Noble Inc (NYSE:BKS) by 933,136 shares in the quarter, for a total of 1.31 million shares, and has risen its stake in Bebe Stores Inc.

Among 5 analysts covering ORBCOMM (NASDAQ:ORBC), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ORBCOMM had 20 analyst reports since March 14, 2016 according to SRatingsIntel. The company was maintained on Wednesday, July 12 by Canaccord Genuity. Canaccord Genuity maintained the stock with “Buy” rating in Monday, October 16 report. The stock has “Buy” rating by Northland Capital on Monday, August 28. The rating was maintained by Northland Capital with “Buy” on Friday, September 29. Canaccord Genuity maintained the stock with “Buy” rating in Monday, April 16 report. Canaccord Genuity maintained it with “Buy” rating and $16.0 target in Tuesday, November 28 report. The stock has “Buy” rating by Canaccord Genuity on Thursday, August 3. The firm has “Outperform” rating given on Monday, March 14 by Northland Capital. The stock of ORBCOMM Inc. (NASDAQ:ORBC) earned “Buy” rating by Canaccord Genuity on Thursday, January 11. As per Thursday, November 2, the company rating was maintained by Canaccord Genuity.

Investors sentiment increased to 1.38 in Q4 2017. Its up 0.07, from 1.31 in 2017Q3. It is positive, as 12 investors sold ORBC shares while 35 reduced holdings. 25 funds opened positions while 40 raised stakes. 53.88 million shares or 2.38% less from 55.19 million shares in 2017Q3 were reported. Blair William And Co Il owns 0% invested in ORBCOMM Inc. (NASDAQ:ORBC) for 35,144 shares. Jefferies Gru Inc Ltd Liability Com owns 17,198 shares. Marathon Cap Mgmt has invested 0.92% in ORBCOMM Inc. (NASDAQ:ORBC). Renaissance Technology Ltd owns 289,700 shares or 0% of their US portfolio. Gabelli Funds Limited Com holds 52,000 shares or 0% of its portfolio. Deutsche Commercial Bank Ag reported 164,239 shares stake. 30,797 were accumulated by Aqr Cap Mngmt Lc. 20,000 were accumulated by Connors Investor Ser Incorporated. Mutual Of America Mngmt Limited owns 0.14% invested in ORBCOMM Inc. (NASDAQ:ORBC) for 906,793 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in ORBCOMM Inc. (NASDAQ:ORBC). Mark Sheptoff Fin Planning Ltd Liability Corp stated it has 500 shares or 0% of all its holdings. Proshare Advisors Limited Company has 0% invested in ORBCOMM Inc. (NASDAQ:ORBC) for 16,094 shares. Ameriprise Financial reported 270,956 shares. Suntrust Banks reported 22,798 shares or 0% of all its holdings. Skylands Capital Lc, a Wisconsin-based fund reported 700,050 shares.

Analysts await ORBCOMM Inc. (NASDAQ:ORBC) to report earnings on May, 3. They expect $-0.11 earnings per share, down 120.00% or $0.06 from last year’s $-0.05 per share. After $-0.10 actual earnings per share reported by ORBCOMM Inc. for the previous quarter, Wall Street now forecasts 10.00% negative EPS growth.

News Corporation (NASDAQ:NWSA) Institutional Positions Chart

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