Thornburg Investment Management Trimmed Canadian Pacific Railway LTD (CP) Position By $1.10 Million; Orbcomm Has 1.31 Sentiment

February 10, 2018 - By Adrian Mccoy

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 $782.31 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.

Thornburg Investment Management Inc decreased Canadian Pacific Railway Ltd (CP) stake by 0.51% reported in 2017Q3 SEC filing. Thornburg Investment Management Inc sold 6,576 shares as Canadian Pacific Railway Ltd (CP)’s stock rose 4.01%. The Thornburg Investment Management Inc holds 1.27 million shares with $214.19M value, down from 1.28M last quarter. Canadian Pacific Railway Ltd now has $24.54B valuation. The stock decreased 0.39% or $0.67 during the last trading session, reaching $171.5. About 872,332 shares traded or 71.51% up from the average. Canadian Pacific Railway Limited (NYSE:CP) has risen 21.39% since February 10, 2017 and is uptrending. It has outperformed by 4.69% the S&P500.

Analysts await ORBCOMM Inc. (NASDAQ:ORBC) to report earnings on February, 27. They expect $-0.10 earnings per share, down 150.00% or $0.06 from last year’s $-0.04 per share. After $-0.10 actual earnings per share reported by ORBCOMM Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

The stock decreased 1.77% or $0.19 during the last trading session, reaching $10.53. About 479,925 shares traded. ORBCOMM Inc. (ORBC) has risen 5.18% since February 10, 2017 and is uptrending. It has underperformed by 11.52% the S&P500.

Levy Harkins & Co Inc holds 9.4% of its portfolio in ORBCOMM Inc. for 2.73 million shares. Goodman Financial Corp owns 595,624 shares or 3.05% of their US portfolio. Moreover, Venator Capital Management Ltd. has 2.3% invested in the company for 212,441 shares. The Pennsylvania-based Millrace Asset Group Inc. has invested 2.11% in the stock. Granite Investment Partners Llc, a California-based fund reported 1.72 million shares.

Since January 1, 0001, it had 0 buys, and 13 insider sales for $4.60 million activity.

Among 28 analysts covering Canadian Pacific (NYSE:CP), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Canadian Pacific had 68 analyst reports since September 30, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, October 5 with “Buy”. National Bank Canada downgraded the stock to “Sector Perform” rating in Wednesday, September 13 report. The firm has “Outperform” rating given on Friday, February 19 by Credit Suisse. The firm earned “Buy” rating on Wednesday, October 18 by Cowen & Co. The firm earned “Equal-Weight” rating on Tuesday, March 15 by Stephens. Credit Suisse maintained it with “Outperform” rating and $178 target in Wednesday, November 18 report. Morgan Stanley reinitiated the shares of CP in report on Friday, June 3 with “Overweight” rating. On Wednesday, June 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. The stock of Canadian Pacific Railway Limited (NYSE:CP) has “Overweight” rating given on Thursday, October 12 by JP Morgan.

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