ORBCOMM Inc. (ORBC) Forms $10.78 Double Top; Last Week Summit Hotel Properties, Inc. (INN) Coverage

January 14, 2018 - By Winifred Garcia

Among 10 analysts covering Summit Hotel Properties (NYSE:INN), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Summit Hotel Properties had 32 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Summit Hotel Properties, Inc. (NYSE:INN) has “Buy” rating given on Friday, March 3 by Bank of America. The firm has “Outperform” rating given on Friday, August 28 by Robert W. Baird. As per Monday, August 14, the company rating was downgraded by Bank of America. KeyBanc Capital Markets maintained the shares of INN in report on Friday, October 27 with “Buy” rating. As per Thursday, March 10, the company rating was initiated by Janney Capital. The firm has “Hold” rating by KeyBanc Capital Markets given on Friday, September 22. RBC Capital Markets maintained the shares of INN in report on Monday, August 7 with “Buy” rating. Raymond James upgraded the stock to “Outperform” rating in Monday, October 30 report. The rating was downgraded by Raymond James to “Market Perform” on Friday, July 14. The stock has “Buy” rating by BB&T Capital on Friday, January 8. See Summit Hotel Properties, Inc. (NYSE:INN) latest ratings:

20/11/2017 Broker: Janney Capital Old Rating: Buy New Rating: Neutral Downgrade
10/11/2017 Broker: Robert W. Baird Rating: Buy New Target: $17.0 Maintain
27/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $17.0 Maintain
30/10/2017 Broker: Raymond James Old Rating: Market Perform New Rating: Outperform Upgrade
26/09/2017 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight Upgrade
22/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
22/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $17.0 Maintain
07/09/2017 Broker: Robert W. Baird Rating: Buy New Target: $17.0 Maintain
14/08/2017 Broker: Bank of America Old Rating: Buy New Rating: Underperform Old Target: $17 Downgrade
07/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $17.0000 Maintain

ORBCOMM Inc. (ORBC) formed double top with $11.64 target or 8.00% above today’s $10.78 share price. ORBCOMM Inc. (ORBC) has $800.88 million valuation. The stock increased 2.28% or $0.24 during the last trading session, reaching $10.78. About 458,788 shares traded. ORBCOMM Inc. (NASDAQ:ORBC) has risen 5.18% since January 14, 2017 and is uptrending. It has underperformed by 11.52% the S&P500.

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.

Investors sentiment decreased to 1.31 in Q3 2017. Its down 0.38, from 1.69 in 2017Q2. It dived, as 15 investors sold ORBCOMM Inc. 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. Alliancebernstein Limited Partnership reported 75,400 shares. 885,138 are owned by Mutual Of America Lc. Blackrock owns 6.02 million shares or 0% of their US portfolio. Millrace Asset Incorporated reported 215,000 shares. Retail Bank Of America Corp De accumulated 23,771 shares. Fmr Limited Co holds 493,247 shares or 0% of its portfolio. Northern Corporation accumulated 919,320 shares or 0% of the stock. Voya Invest Mgmt Ltd Limited Liability Company, a Georgia-based fund reported 28,144 shares. Levy Harkins & Com has invested 9.4% in ORBCOMM Inc. (NASDAQ:ORBC). Blair William & Co Il accumulated 0% or 22,984 shares. Goldman Sachs Gru stated it has 0% in ORBCOMM Inc. (NASDAQ:ORBC). Pdts Ptnrs Ltd Liability Company, a New York-based fund reported 180,589 shares. 50,000 are owned by Cannell Peter B And. National Bank & Trust Of New York Mellon owns 586,269 shares. Pnc Ser Grp accumulated 10,900 shares or 0% of the stock.

Since August 1, 2017, it had 0 insider buys, and 15 selling transactions for $5.60 million activity. Eisenberg Jerome B sold $80,542 worth of stock. Another trade for 115,000 shares valued at $1.30M was sold by Eisenberg Marc. Milcos Constantine sold $155,873 worth of stock or 13,832 shares. Le Brun Christian had sold 82,901 shares worth $925,751 on Monday, August 14. The insider COSTANTINI ROBERT G sold 11,019 shares worth $120,019. Stolte John J Jr sold $473,289 worth of stock or 41,962 shares. $86,299 worth of ORBCOMM Inc. (NASDAQ:ORBC) was sold by Malone Craig.

Among 4 analysts covering ORBCOMM (NASDAQ:ORBC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ORBCOMM has $16 highest and $1 lowest target. $14’s average target is 29.87% above currents $10.78 stock price. ORBCOMM had 15 analyst reports since March 14, 2016 according to SRatingsIntel. On Tuesday, November 28 the stock rating was maintained by Canaccord Genuity with “Buy”. Macquarie Research initiated ORBCOMM Inc. (NASDAQ:ORBC) on Monday, October 31 with “Outperform” rating. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, November 2 report. The firm has “Buy” rating given on Monday, October 16 by Canaccord Genuity. Canaccord Genuity maintained ORBCOMM Inc. (NASDAQ:ORBC) on Monday, June 12 with “Buy” rating. The firm earned “Buy” rating on Friday, September 29 by Northland Capital. The firm has “Buy” rating given on Thursday, August 10 by Canaccord Genuity. The stock of ORBCOMM Inc. (NASDAQ:ORBC) has “Buy” rating given on Monday, August 28 by Northland Capital. The stock of ORBCOMM Inc. (NASDAQ:ORBC) earned “Buy” rating by Canaccord Genuity on Friday, May 26. The firm has “Buy” rating given on Wednesday, July 12 by Canaccord Genuity.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.67, from 1.65 in 2017Q2. It worsened, as 30 investors sold Summit Hotel Properties, Inc. shares while 75 reduced holdings. 32 funds opened positions while 71 raised stakes. 99.13 million shares or 0.27% more from 98.87 million shares in 2017Q2 were reported. Teachers Retirement Of The State Of Kentucky has invested 0.01% in Summit Hotel Properties, Inc. (NYSE:INN). Lincluden Mngmt Ltd has invested 0.25% in Summit Hotel Properties, Inc. (NYSE:INN). Macquarie has invested 0.09% in Summit Hotel Properties, Inc. (NYSE:INN). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 11,576 shares. Great West Life Assurance Communications Can has 190,924 shares for 0.01% of their portfolio. Asset One holds 0.01% or 297,383 shares. Manufacturers Life Insurance The has invested 0% in Summit Hotel Properties, Inc. (NYSE:INN). 3.56 million are owned by Lsv Asset Mngmt. Hancock stated it has 0.48% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN). California Public Employees Retirement System has invested 0% in Summit Hotel Properties, Inc. (NYSE:INN). Boston Advisors Llc invested 0.13% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN). American Int accumulated 81,266 shares. 15,167 were accumulated by Genesee Valley Com. Panagora Asset Mngmt Inc holds 89,555 shares. Moreover, Bancorporation Of Montreal Can has 0% invested in Summit Hotel Properties, Inc. (NYSE:INN) for 285,883 shares.

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