Orbcomm (ORBC) Holder Venator Capital Management LTD Cut Position by $594,180 as Market Valuation Rose; As Netflix (NFLX) Share Value Rose, Holder Amarillo National Bank Has Cut Stake by $645,446

February 22, 2018 - By Pete Kolinski

Venator Capital Management Ltd decreased its stake in Orbcomm Inc (ORBC) by 21.86% based on its latest 2017Q3 regulatory filing with the SEC. Venator Capital Management Ltd sold 59,418 shares as the company’s stock rose 16.75% with the market. The institutional investor held 212,441 shares of the telecommunications equipment company at the end of 2017Q3, valued at $2.22 million, down from 271,859 at the end of the previous reported quarter. Venator Capital Management Ltd who had been investing in Orbcomm Inc for a number of months, seems to be less bullish one the $811.28M market cap company. It closed at $10.92 lastly. It is down 5.18% since February 22, 2017 and is uptrending. It has underperformed by 11.52% the S&P500.

Amarillo National Bank decreased its stake in Netflix Inc. (NFLX) by 23.23% based on its latest 2017Q3 regulatory filing with the SEC. Amarillo National Bank sold 3,566 shares as the company’s stock rose 10.41% with the market. The institutional investor held 11,782 shares of the consumer services company at the end of 2017Q3, valued at $2.14M, down from 15,348 at the end of the previous reported quarter. Amarillo National Bank who had been investing in Netflix Inc. for a number of months, seems to be less bullish one the $121.96B market cap company. The stock increased 0.89% or $2.49 during the last trading session, reaching $281.04. About 9.37 million shares traded or 7.14% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since February 22, 2017 and is uptrending. It has outperformed by 58.64% the S&P500.

Among 5 analysts covering ORBCOMM (NASDAQ:ORBC), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ORBCOMM had 18 analyst reports since March 14, 2016 according to SRatingsIntel. On Friday, February 2 the stock rating was initiated by Roth Capital with “Buy”. The stock of ORBCOMM Inc. (NASDAQ:ORBC) has “Buy” rating given on Friday, September 29 by Northland Capital. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, August 3. The stock of ORBCOMM Inc. (NASDAQ:ORBC) earned “Outperform” rating by Northland Capital on Monday, March 14. The firm has “Buy” rating by Northland Capital given on Friday, November 3. Canaccord Genuity maintained ORBCOMM Inc. (NASDAQ:ORBC) rating on Monday, October 16. Canaccord Genuity has “Buy” rating and $16.0 target. The stock has “Outperform” rating by Macquarie Research on Monday, October 31. Canaccord Genuity maintained it with “Buy” rating and $16 target in Monday, September 11 report. Canaccord Genuity maintained the shares of ORBC in report on Thursday, January 11 with “Buy” rating. On Thursday, August 10 the stock rating was maintained by Canaccord Genuity with “Buy”.

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.

Since September 1, 2017, it had 0 insider purchases, and 8 sales for $829,017 activity. 23,960 ORBCOMM Inc. (NASDAQ:ORBC) shares with value of $261,023 were sold by Eisenberg Marc. Another trade for 9,240 shares valued at $100,648 was sold by Stolte John J Jr. COSTANTINI ROBERT G had sold 11,019 shares worth $120,019. 7,000 shares were sold by Eisenberg Jerome B, worth $73,850 on Monday, October 2. $86,299 worth of ORBCOMM Inc. (NASDAQ:ORBC) shares were sold by Malone Craig. Another trade for 1,092 shares valued at $11,910 was made by Milcos Constantine on Friday, January 5.

Investors sentiment decreased to 1.31 in Q3 2017. Its down 0.38, from 1.69 in 2017Q2. It worsened, as 15 investors sold ORBC shares while 33 reduced holdings. 19 funds opened positions while 44 raised stakes. 55.19 million shares or 1.16% more from 54.56 million shares in 2017Q2 were reported. The Ontario – Canada-based Venator Capital Ltd has invested 2.3% in ORBCOMM Inc. (NASDAQ:ORBC). 36,900 were reported by Shufro Rose Com Ltd. Numeric Invsts Ltd Liability Corp owns 122,400 shares for 0.01% of their portfolio. 99,601 were accumulated by Nationwide Fund Advisors. 3,791 are held by Tower Ltd Liability (Trc). Eagle Asset owns 671,090 shares. Fincl Bank Of America Corp De holds 23,771 shares or 0% of its portfolio. Bank & Trust Of Mellon Corporation holds 586,269 shares or 0% of its portfolio. Weiss Multi has invested 0.06% of its portfolio in ORBCOMM Inc. (NASDAQ:ORBC). Skylands Ltd Liability Corporation, Wisconsin-based fund reported 555,900 shares. Wells Fargo & Mn owns 263,850 shares or 0% of their US portfolio. Blackrock Incorporated reported 6.02 million shares or 0% of all its holdings. Pier Capital Limited Liability Co holds 0.7% of its portfolio in ORBCOMM Inc. (NASDAQ:ORBC) for 382,919 shares. Bnp Paribas Arbitrage invested in 0% or 9,684 shares. Hood River Capital Mgmt Ltd Co invested in 0.88% or 1.33M shares.

Since August 28, 2017, it had 0 buys, and 36 sales for $124.60 million activity. KILGORE LESLIE J had sold 847 shares worth $175,329. BARTON RICHARD N sold 700 shares worth $187,093. $705,895 worth of Netflix, Inc. (NASDAQ:NFLX) was sold by FRIEDLAND JONATHAN. Shares for $12.61M were sold by HYMAN DAVID A on Monday, October 30. WELLS DAVID B sold $191,200 worth of Netflix, Inc. (NASDAQ:NFLX) on Monday, December 18. Shares for $43.05M were sold by SARANDOS THEODORE A.

Investors sentiment decreased to 1.12 in 2017 Q3. Its down 0.10, from 1.22 in 2017Q2. It is negative, as 56 investors sold NFLX shares while 255 reduced holdings. 115 funds opened positions while 233 raised stakes. 356.10 million shares or 3.23% more from 344.96 million shares in 2017Q2 were reported. Sigma Planning Corporation has 10,049 shares. Fin Pro Incorporated has 196 shares. Integral Derivatives Llc invested 0.17% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Rhumbline Advisers invested 0.27% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Regions holds 0.03% or 12,720 shares in its portfolio. Moreover, Private Wealth Limited Liability Corp has 0.04% invested in Netflix, Inc. (NASDAQ:NFLX) for 1,110 shares. Quantitative Systematic Strategies Limited Liability Corp has 0.34% invested in Netflix, Inc. (NASDAQ:NFLX). Ctc Ltd Liability Com has 27,445 shares. Nuveen Asset Management Lc invested in 0.02% or 15,739 shares. Cibc Ww Mkts holds 0.17% or 99,291 shares in its portfolio. Lmr Prtnrs Limited Liability Partnership, a United Kingdom-based fund reported 4,864 shares. Tudor Inv Et Al reported 11,854 shares. Franklin Res, a California-based fund reported 223,779 shares. New York-based Guardian Life Insur Of America has invested 0.03% in Netflix, Inc. (NASDAQ:NFLX). Mitsubishi Ufj Hldg invested in 0.54% or 630 shares.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on April, 16. They expect $0.63 earnings per share, up 57.50% or $0.23 from last year’s $0.4 per share. NFLX’s profit will be $273.39 million for 111.52 P/E if the $0.63 EPS becomes a reality. After $0.41 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 53.66% EPS growth.

Amarillo National Bank, which manages about $290.84M US Long portfolio, upped its stake in Ishares S&P 500/Barra Value (IVE) by 3,227 shares to 125,837 shares, valued at $13.58M in 2017Q3, according to the filing.

Among 56 analysts covering Netflix (NASDAQ:NFLX), 40 have Buy rating, 2 Sell and 14 Hold. Therefore 71% are positive. Netflix had 226 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Neutral” rating given on Tuesday, July 19 by Citigroup. As per Wednesday, October 4, the company rating was maintained by Piper Jaffray. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, October 9. The firm has “Buy” rating by Needham given on Thursday, October 15. The stock has “Buy” rating by Canaccord Genuity on Friday, July 1. The stock has “Buy” rating by RBC Capital Markets on Sunday, September 17. The rating was maintained by Cantor Fitzgerald on Saturday, September 5 with “Buy”. The stock has “Neutral” rating by Credit Suisse on Thursday, October 15. The stock has “Neutral” rating by UBS on Tuesday, October 18. The firm has “Buy” rating given on Tuesday, July 18 by Oppenheimer.

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