Pax World Management Has Raised By $1.00 Million Its Orbcomm (ORBC) Holding; Last Week FirstEnergy Corp. (FE) Coverage

April 17, 2018 - By Hazel Jackson

ORBCOMM Inc. (NASDAQ:ORBC) Logo

Pax World Management Llc increased Orbcomm Inc. (ORBC) stake by 13.05% reported in 2017Q4 SEC filing. Pax World Management Llc acquired 100,000 shares as Orbcomm Inc. (ORBC)’s stock declined 4.41%. The Pax World Management Llc holds 866,213 shares with $8.82M value, up from 766,213 last quarter. Orbcomm Inc. now has $721.54M valuation. The stock increased 0.43% or $0.04 during the last trading session, reaching $9.28. About 213,546 shares traded. ORBCOMM Inc. (NASDAQ:ORBC) has risen 5.65% since April 17, 2017 and is uptrending. It has underperformed by 5.90% the S&P500.

Among 20 analysts covering FirstEnergy (NYSE:FE), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. FirstEnergy had 76 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Thursday, April 28 by RBC Capital Markets. Citigroup initiated the stock with “Sell” rating in Friday, September 18 report. On Wednesday, October 18 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The rating was maintained by Barclays Capital on Friday, March 18 with “Overweight”. The firm earned “Neutral” rating on Monday, May 1 by JP Morgan. The stock of FirstEnergy Corp. (NYSE:FE) earned “Buy” rating by Evercore on Tuesday, October 18. The stock of FirstEnergy Corp. (NYSE:FE) has “Sector Underperform” rating given on Friday, November 6 by IBC. The stock of FirstEnergy Corp. (NYSE:FE) has “Overweight” rating given on Wednesday, March 16 by JP Morgan. The firm has “Neutral” rating given on Tuesday, October 17 by Citigroup. Goldman Sachs downgraded the stock to “Sell” rating in Tuesday, July 26 report. See FirstEnergy Corp. (NYSE:FE) latest ratings:

16/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $35 New Target: $37 Maintain
08/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $36 New Target: $35 Maintain
26/02/2018 Broker: Mizuho Rating: Hold New Target: $32.5 Maintain
13/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $37 New Target: $35 Maintain
02/02/2018 Broker: UBS Rating: Buy New Target: $39 Initiates Coverage On
01/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $35.0 Maintain
30/01/2018 Broker: Mizuho Rating: Hold New Target: $32.0 Maintain
30/01/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $34 New Target: $32 Maintain
26/01/2018 Broker: Bank of America Rating: Buy New Target: $36.0 Upgrade
02/01/2018 Broker: Guggenheim Rating: Buy New Target: $47.0 Maintain

Since January 5, 2018, it had 0 buys, and 14 selling transactions for $1.02 million activity. On Friday, January 5 the insider Eisenberg Marc sold $261,023. $11,910 worth of ORBCOMM Inc. (NASDAQ:ORBC) was sold by Milcos Constantine. On Wednesday, March 7 Malone Craig sold $24,092 worth of ORBCOMM Inc. (NASDAQ:ORBC) or 2,355 shares. Le Brun Christian sold $30,097 worth of stock. Eisenberg Jerome B sold $47,040 worth of ORBCOMM Inc. (NASDAQ:ORBC) on Wednesday, March 28. Stolte John J Jr had sold 2,431 shares worth $24,869. Another trade for 11,019 shares valued at $120,019 was made by COSTANTINI ROBERT G on Friday, January 5.

Pax World Management Llc decreased Sinclair Broadcast Group Inc. (NASDAQ:SBGI) stake by 90,000 shares to 509,022 valued at $19.27 million in 2017Q4. It also reduced Apple Inc. (NASDAQ:AAPL) stake by 32,500 shares and now owns 244,875 shares. Performance Food Group Co. was reduced too.

Investors sentiment increased to 1.38 in 2017 Q4. Its up 0.07, from 1.31 in 2017Q3. It increased, 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. Pembroke Management owns 0.7% invested in ORBCOMM Inc. (NASDAQ:ORBC) for 672,200 shares. Cibc Ww Mkts stated it has 15,568 shares. Tiaa Cref Invest Mngmt Lc invested 0% of its portfolio in ORBCOMM Inc. (NASDAQ:ORBC). 2.63 million are owned by Levy Harkins And Communication. Wellington Mngmt Limited Liability Partnership, Massachusetts-based fund reported 4.11 million shares. State Street accumulated 1.34 million shares or 0% of the stock. Pdt Ltd invested in 0.06% or 203,300 shares. Blackrock holds 5.97M shares. Stratos Wealth Partners Ltd stated it has 4,694 shares. Swiss National Bank & Trust holds 113,500 shares. Teachers Retirement System Of The State Of Kentucky owns 59,835 shares for 0.01% of their portfolio. Federated Invsts Pa stated it has 506,912 shares. Citadel Advsrs Limited Com reported 289,750 shares stake. California-based California State Teachers Retirement has invested 0% in ORBCOMM Inc. (NASDAQ:ORBC). Great West Life Assurance Can owns 8,139 shares or 0% of their US portfolio.

Among 5 analysts covering ORBCOMM (NASDAQ:ORBC), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ORBCOMM had 19 analyst reports since March 14, 2016 according to SRatingsIntel. The stock of ORBCOMM Inc. (NASDAQ:ORBC) has “Outperform” rating given on Monday, March 14 by Northland Capital. The firm has “Buy” rating by Northland Capital given on Tuesday, January 16. The stock of ORBCOMM Inc. (NASDAQ:ORBC) earned “Buy” rating by Canaccord Genuity on Monday, October 16. Canaccord Genuity maintained ORBCOMM Inc. (NASDAQ:ORBC) rating on Thursday, March 1. Canaccord Genuity has “Buy” rating and $15.0 target. The firm earned “Buy” rating on Monday, August 28 by Northland Capital. The firm has “Buy” rating given on Thursday, August 10 by Canaccord Genuity. Canaccord Genuity maintained ORBCOMM Inc. (NASDAQ:ORBC) rating on Monday, September 11. Canaccord Genuity has “Buy” rating and $16 target. Canaccord Genuity maintained it with “Buy” rating and $16.0 target in Thursday, January 11 report. The stock has “Buy” rating by Roth Capital on Friday, February 2. The firm earned “Buy” rating on Wednesday, July 12 by Canaccord Genuity.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.05, from 1.13 in 2017Q3. It increased, as 34 investors sold FirstEnergy Corp. shares while 157 reduced holdings. 60 funds opened positions while 166 raised stakes. 369.63 million shares or 2.53% more from 360.52 million shares in 2017Q3 were reported. P Schoenfeld Asset Management Limited Partnership accumulated 625,000 shares. Nordea Invest Mgmt Ab has invested 0.01% in FirstEnergy Corp. (NYSE:FE). Moreover, Tower Rech Capital Llc (Trc) has 0.02% invested in FirstEnergy Corp. (NYSE:FE) for 4,791 shares. Bridgewater Limited Partnership invested in 0.07% or 283,237 shares. Us Bancorporation De has 0% invested in FirstEnergy Corp. (NYSE:FE) for 34,405 shares. Adage Cap Partners Grp Ltd Co holds 0.04% in FirstEnergy Corp. (NYSE:FE) or 626,300 shares. Shelton Capital has 0.05% invested in FirstEnergy Corp. (NYSE:FE) for 26,697 shares. Financial Bank Of Mellon Corp has invested 0.07% of its portfolio in FirstEnergy Corp. (NYSE:FE). Hartford Invest Mgmt invested 0.08% of its portfolio in FirstEnergy Corp. (NYSE:FE). Asset Management invested 0.04% in FirstEnergy Corp. (NYSE:FE). 8,748 were reported by Burney. Cornerstone Advsrs reported 0.01% stake. State Street owns 33.42M shares or 0.08% of their US portfolio. Ameritas Invest Prtn Incorporated has 9,630 shares for 0.01% of their portfolio. Carroll Financial Assoc owns 1,437 shares for 0% of their portfolio.

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company has market cap of $16.66 billion. The firm operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services divisions. It currently has negative earnings. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

ORBCOMM Inc. (NASDAQ:ORBC) Institutional Positions Chart

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