Jane Street Group Decreased Stake in Orbcomm (ORBC) as Share Value Rose; Schaller Investment Group Increased Position in Range Res (RRC)

February 18, 2018 - By Ellis Scott

Schaller Investment Group Inc increased its stake in Range Res Corp (RRC) by 86.87% based on its latest 2017Q3 regulatory filing with the SEC. Schaller Investment Group Inc bought 172,000 shares as the company’s stock declined 18.29% while stock markets rallied. The hedge fund held 370,000 shares of the oil & gas production company at the end of 2017Q3, valued at $7.24 million, up from 198,000 at the end of the previous reported quarter. Schaller Investment Group Inc who had been investing in Range Res Corp for a number of months, seems to be bullish on the $3.24B market cap company. The stock decreased 2.57% or $0.35 during the last trading session, reaching $13.28. About 7.50M shares traded. Range Resources Corporation (NYSE:RRC) has declined 36.05% since February 18, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.

Jane Street Group Llc decreased its stake in Orbcomm Inc (ORBC) by 64.86% based on its latest 2017Q3 regulatory filing with the SEC. Jane Street Group Llc sold 41,433 shares as the company’s stock rose 16.75% with the market. The institutional investor held 22,448 shares of the telecommunications equipment company at the end of 2017Q3, valued at $235,000, down from 63,881 at the end of the previous reported quarter. Jane Street Group Llc who had been investing in Orbcomm Inc for a number of months, seems to be less bullish one the $806.82 million market cap company. The stock increased 0.18% or $0.02 during the last trading session, reaching $10.86. About 254,335 shares traded. ORBCOMM Inc. (NASDAQ:ORBC) has risen 5.18% since February 18, 2017 and is uptrending. It has underperformed by 11.52% the S&P500.

Investors sentiment decreased to 1.31 in 2017 Q3. Its down 0.38, from 1.69 in 2017Q2. It dived, 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. Parametric Assocs Limited Liability Company has 0% invested in ORBCOMM Inc. (NASDAQ:ORBC) for 40,627 shares. Teachers Retirement System Of The State Of Kentucky accumulated 59,835 shares. Blair William & Company Il has 0% invested in ORBCOMM Inc. (NASDAQ:ORBC) for 22,984 shares. Swiss Commercial Bank holds 113,500 shares. Dimensional Fund Advsrs LP holds 0.02% or 3.99M shares. North Star Inv Mgmt Corporation has invested 0% of its portfolio in ORBCOMM Inc. (NASDAQ:ORBC). Adage Capital Partners Ltd stated it has 3.50M shares. Meeder Asset Mgmt Inc has 569 shares for 0% of their portfolio. 43,930 were accumulated by American Intll Group Inc. State Street stated it has 1.25 million shares. Shufro Rose & Ltd Company holds 36,900 shares or 0.04% of its portfolio. Moreover, Product Prns has 0.06% invested in ORBCOMM Inc. (NASDAQ:ORBC) for 180,589 shares. Schwab Charles Inv Management owns 303,935 shares. Granite Partners Ltd Liability Corporation holds 1.72M shares. Connors Investor holds 20,000 shares.

Jane Street Group Llc, which manages about $30.93 billion US Long portfolio, upped its stake in Five Below Inc (Call) (NASDAQ:FIVE) by 7,600 shares to 17,600 shares, valued at $966,000 in 2017Q3, according to the filing. It also increased its holding in Vanguard Index Fds (Put) (VNQ) by 142,700 shares in the quarter, for a total of 248,100 shares, and has risen its stake in Emerson Elec Co (Call) (NYSE:EMR).

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. The firm has “Buy” rating given on Monday, June 12 by Canaccord Genuity. The firm has “Buy” rating by Northland Capital given on Monday, August 28. As per Monday, September 11, the company rating was maintained by Canaccord Genuity. The stock of ORBCOMM Inc. (NASDAQ:ORBC) earned “Buy” rating by Canaccord Genuity on Monday, October 16. The stock of ORBCOMM Inc. (NASDAQ:ORBC) earned “Buy” rating by Northland Capital on Friday, November 3. The company was maintained on Thursday, August 10 by Canaccord Genuity. On Thursday, August 3 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of ORBCOMM Inc. (NASDAQ:ORBC) earned “Buy” rating by Roth Capital on Friday, February 2. The firm has “Outperform” rating given on Monday, October 31 by Macquarie Research. The company was maintained on Friday, May 26 by Canaccord Genuity.

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

Since August 14, 2017, it had 0 buys, and 8 selling transactions for $829,017 activity. Malone Craig sold $86,299 worth of stock. Eisenberg Marc also sold $1.30M worth of ORBCOMM Inc. (NASDAQ:ORBC) on Tuesday, August 15. Le Brun Christian sold $97,757 worth of ORBCOMM Inc. (NASDAQ:ORBC) on Friday, January 5. $1.58 million worth of ORBCOMM Inc. (NASDAQ:ORBC) was sold by COSTANTINI ROBERT G on Tuesday, August 15. The insider Eisenberg Jerome B sold 24,000 shares worth $265,008. $155,873 worth of stock was sold by Milcos Constantine on Thursday, August 17.

Since October 26, 2017, it had 1 insider purchase, and 3 sales for $228,453 activity. DUB ANTHONY V sold 2,897 shares worth $46,533. The insider PALKO STEFFEN E bought $500,609. MANNY ROGER S sold 10,757 shares worth $176,678.

Investors sentiment is 1.35 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 55 investors sold RRC shares while 102 reduced holdings. only 52 funds opened positions while 160 raised stakes. 248.08 million shares or 7.58% more from 230.61 million shares in 2017Q2 were reported. 24,038 are owned by Qs Investors Ltd Company. Kbc Group Incorporated Nv holds 0.01% or 28,500 shares in its portfolio. Amalgamated Bancorp accumulated 43,091 shares. Cornerstone reported 294 shares. Nuveen Asset Ltd Liability reported 16,420 shares. Gulf Financial Bank (Uk) Limited has invested 0.02% in Range Resources Corporation (NYSE:RRC). Advisory invested 0.53% of its portfolio in Range Resources Corporation (NYSE:RRC). Rhumbline Advisers reported 371,630 shares. Meeder Asset Mngmt holds 0.08% or 39,360 shares. Jennison Assocs Limited Liability Company reported 903,893 shares. Employees Retirement Sys Of Texas owns 11,000 shares. Oppenheimer Asset Management holds 14,120 shares or 0.01% of its portfolio. 3.23M were accumulated by Ws Mgmt Lllp. Invesco Limited accumulated 2.63 million shares. New York-based Blue Ridge Capital Ltd Liability has invested 0.65% in Range Resources Corporation (NYSE:RRC).

Among 42 analysts covering Range Resources Corp. (NYSE:RRC), 24 have Buy rating, 3 Sell and 15 Hold. Therefore 57% are positive. Range Resources Corp. had 139 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Friday, June 2. The firm has “Buy” rating by Jefferies given on Friday, April 7. The stock has “Buy” rating by JP Morgan on Wednesday, April 26. The stock has “Buy” rating by Cowen & Co on Thursday, January 18. Stifel Nicolaus maintained Range Resources Corporation (NYSE:RRC) on Thursday, October 5 with “Buy” rating. The rating was upgraded by Nomura on Monday, February 6 to “Buy”. BMO Capital Markets maintained Range Resources Corporation (NYSE:RRC) on Thursday, January 11 with “Buy” rating. As per Friday, August 28, the company rating was upgraded by Zacks. The company was maintained on Friday, November 3 by Cowen & Co. The stock of Range Resources Corporation (NYSE:RRC) earned “Buy” rating by Jefferies on Tuesday, August 29.

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