Skylands Capital Position in Orbcomm (ORBC) Has Lowered as Market Valuation Declined; As Schlumberger LTD (SLB) Stock Price Rose, Swarthmore Group Has Increased by $760,000 Its Holding

June 13, 2018 - By Henry Gaston

Schlumberger Limited (NYSE:SLB) Logo

Charles Paquelet decreased its stake in Orbcomm Inc (ORBC) by 20.14% based on its latest 2018Q1 regulatory filing with the SEC. Skylands Capital Llc sold 140,963 shares as the company’s stock declined 12.18% with the market. The hedge fund run by Charles Paquelet held 559,087 shares of the telecommunications equipment company at the end of 2018Q1, valued at $5.24M, down from 700,050 at the end of the previous reported quarter. Skylands Capital Llc who had been investing in Orbcomm Inc for a number of months, seems to be less bullish one the $779.52 million market cap company. The stock decreased 0.10% or $0.01 during the last trading session, reaching $9.94. About 78,522 shares traded. ORBCOMM Inc. (NASDAQ:ORBC) has declined 3.35% since June 13, 2017 and is downtrending. It has underperformed by 15.92% the S&P500. Some Historical ORBC News: 09/03/2018 – Orbcomm Short-Interest Ratio Rises 77% to 15 Days; 25/04/2018 – ORBCOMM & MAEROSPACE EXTEND AIS CONTRACT WITH CANADA GOVERNMENT; 02/05/2018 – ORBCOMM Names Aly Bonilla as Vice President of Investor Relations; 21/04/2018 – DJ ORBCOMM Inc, Inst Holders, 1Q 2018 (ORBC); 03/05/2018 – ORBCOMM 1Q REV. $68.0M; 03/05/2018 – ORBCOMM 1Q Loss/Shr 13c; 06/04/2018 – ORBCOMM Announces Pricing of Public Offering of Common Stk; 03/05/2018 – ORBCOMM 1Q Rev $68M; 05/04/2018 – ORBCOMM Announces Launch of Public Offering of Common Stk; 22/05/2018 – ORBCOMM NAMED CONSTANTINE MILCOS INTERIM CFO

Swarthmore Group Inc increased its stake in Schlumberger Ltd (SLB) by 15.38% based on its latest 2018Q1 regulatory filing with the SEC. Swarthmore Group Inc bought 11,875 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 89,075 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $5.77 million, up from 77,200 at the end of the previous reported quarter. Swarthmore Group Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $94.97 billion market cap company. The stock decreased 0.06% or $0.04 during the last trading session, reaching $68.56. About 2.29 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 13, 2017 and is downtrending. It has underperformed by 13.71% the S&P500. Some Historical SLB News: 20/04/2018 – SCHLUMBERGER SAYS NORTH AMERICA AND GLOBAL E&P INVESTMENT STILL EXPECTED TO GROW 20 PCT AND 5 PCT RESPECTIVELY; 16/04/2018 – Schlumberger fights to boost patent damages at U.S. Supreme Court; 20/04/2018 – SCHLUMBERGER – GROWTH IN NORTH AMERICA IN QTR DRIVEN BY RAMP-UP OF ACTIVITY IN CANADA AND HIGHER DRILLING GROUP ACTIVITY IN NORTH AMERICA, AMONG OTHERS

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.

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.38, from 1.38 in 2017Q4. It turned negative, as 18 investors sold ORBC shares while 37 reduced holdings. 21 funds opened positions while 34 raised stakes. 54.57 million shares or 1.27% more from 53.88 million shares in 2017Q4 were reported. Atlantic Tru Gru Limited Liability Company has invested 0% in ORBCOMM Inc. (NASDAQ:ORBC). Geode Capital Management Limited Liability Corporation holds 0% or 632,070 shares in its portfolio. Pnc Financial Services Gp reported 0% stake. Massachusetts-based Panagora Asset Mngmt Inc has invested 0% in ORBCOMM Inc. (NASDAQ:ORBC). Alliancebernstein LP has invested 0% in ORBCOMM Inc. (NASDAQ:ORBC). 1.79 million are owned by Loomis Sayles And Com Limited Partnership. Eagle Asset Mngmt holds 0.04% in ORBCOMM Inc. (NASDAQ:ORBC) or 737,053 shares. Invesco Limited invested in 46,100 shares. Gabelli Funds Ltd Liability holds 52,000 shares or 0% of its portfolio. Barclays Public Ltd Company has invested 0% of its portfolio in ORBCOMM Inc. (NASDAQ:ORBC). Legal And General Public Ltd has 12,781 shares for 0% of their portfolio. Teachers Retirement System Of The State Of Kentucky owns 0.01% invested in ORBCOMM Inc. (NASDAQ:ORBC) for 59,835 shares. Qs Investors Limited stated it has 40 shares or 0% of all its holdings. Mark Sheptoff Planning Limited Liability Company invested in 0% or 500 shares. 28,144 were reported by Voya Mngmt Limited Liability Co.

Among 5 analysts covering ORBCOMM (NASDAQ:ORBC), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ORBCOMM had 21 analyst reports since March 14, 2016 according to SRatingsIntel. Northland Capital maintained it with “Buy” rating and $13.0 target in Friday, September 29 report. The rating was initiated by Roth Capital with “Buy” on Friday, February 2. Canaccord Genuity maintained the shares of ORBC in report on Thursday, January 11 with “Buy” rating. Northland Capital maintained ORBCOMM Inc. (NASDAQ:ORBC) rating on Tuesday, January 16. Northland Capital has “Buy” rating and $15.0 target. The stock of ORBCOMM Inc. (NASDAQ:ORBC) earned “Buy” rating by Northland Capital on Friday, November 3. The stock of ORBCOMM Inc. (NASDAQ:ORBC) has “Outperform” rating given on Monday, October 31 by Macquarie Research. The stock has “Buy” rating by Canaccord Genuity on Thursday, November 2. Canaccord Genuity maintained ORBCOMM Inc. (NASDAQ:ORBC) rating on Thursday, August 3. Canaccord Genuity has “Buy” rating and $1400 target. The rating was maintained by Canaccord Genuity on Friday, May 26 with “Buy”. Canaccord Genuity maintained it with “Buy” rating and $1500 target in Thursday, May 3 report.

Skylands Capital Llc, which manages about $986.41 million and $758.55 million US Long portfolio, upped its stake in Halliburton Co (NYSE:HAL) by 7,300 shares to 98,250 shares, valued at $4.61 million in 2018Q1, according to the filing. It also increased its holding in Intercontinental Exchange In (NYSE:ICE) by 7,000 shares in the quarter, for a total of 69,100 shares, and has risen its stake in Celgene Corp (NASDAQ:CELG).

Since January 5, 2018, it had 0 insider purchases, and 16 insider sales for $1.11 million activity. $47,040 worth of ORBCOMM Inc. (NASDAQ:ORBC) was sold by Eisenberg Jerome B on Wednesday, March 28. Another trade for 942 shares valued at $9,637 was made by Milcos Constantine on Wednesday, March 7. COSTANTINI ROBERT G sold $120,019 worth of ORBCOMM Inc. (NASDAQ:ORBC) on Friday, January 5. Le Brun Christian sold $97,757 worth of stock or 8,974 shares. Malone Craig sold $86,299 worth of stock. 9,240 shares were sold by Stolte John J Jr, worth $100,648.

Since January 22, 2018, it had 3 insider buys, and 3 insider sales for $6.93 million activity. The insider Schorn Patrick bought 5,000 shares worth $323,950. The insider AYAT SIMON sold 75,000 shares worth $5.91M. Shares for $192,900 were bought by Al Mogharbel Khaled. KIBSGAARD PAAL had bought 10,000 shares worth $646,800. $218,049 worth of Schlumberger Limited (NYSE:SLB) was sold by Jaramillo Claudia on Wednesday, May 16.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 149 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Monday, January 15. The rating was maintained by RBC Capital Markets on Thursday, June 1 with “Buy”. The firm earned “Outperform” rating on Friday, September 4 by BMO Capital Markets. Susquehanna maintained the stock with “Buy” rating in Monday, January 22 report. The stock has “Buy” rating by Jefferies on Wednesday, April 4. Suntrust Robinson initiated Schlumberger Limited (NYSE:SLB) on Wednesday, January 18 with “Hold” rating. The firm has “Buy” rating given on Monday, April 23 by Seaport Global. As per Wednesday, June 21, the company rating was maintained by BMO Capital Markets. The firm earned “Buy” rating on Monday, July 24 by Credit Suisse. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Monday, February 12 by Griffin Securities.

Swarthmore Group Inc, which manages about $1.77B and $419.70M US Long portfolio, decreased its stake in Caterpillar Inc Del (NYSE:CAT) by 10,025 shares to 60,050 shares, valued at $8.85 million in 2018Q1, according to the filing. It also reduced its holding in Select Sector Spdr Tr (XLY) by 153,000 shares in the quarter, leaving it with 76,350 shares, and cut its stake in Select Sector Spdr Tr (XLF).

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Forbes.com which released: “Why Schlumberger’s Stock Continues To Underperform” on May 29, 2018, also Seekingalpha.com with their article: “Time To Move From FAANGs To SEPTICS?” published on June 12, 2018, Finance.Yahoo.com published: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” on June 02, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Benzinga.com and their article: “10 Biggest Price Target Changes For Wednesday” published on June 13, 2018 as well as Bizjournals.com‘s news article titled: “Weatherford reportedly considering selling laboratory business” with publication date: June 12, 2018.

ORBCOMM Inc. (NASDAQ:ORBC) Institutional Positions Chart

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