Northpointe Capital Maintains Stake in Carbonite (CARB); Conocophillips (COP) Holder Tdam Usa Has Lowered Stake

February 25, 2018 - By Marguerite Chambers

Northpointe Capital Llc increased its stake in Carbonite Inc (CARB) by 7.9% based on its latest 2017Q3 regulatory filing with the SEC. Northpointe Capital Llc bought 44,533 shares as the company’s stock declined 1.53% while stock markets rallied. The institutional investor held 608,526 shares of the technology company at the end of 2017Q3, valued at $13.39M, up from 563,993 at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Carbonite Inc for a number of months, seems to be bullish on the $816.06 million market cap company. The stock increased 0.34% or $0.1 during the last trading session, reaching $29.2. About 335,330 shares traded or 10.10% up from the average. Carbonite, Inc. (NASDAQ:CARB) has risen 113.73% since February 25, 2017 and is uptrending. It has outperformed by 97.03% the S&P500.

Tdam Usa Inc decreased its stake in Conocophillips (COP) by 30.92% based on its latest 2017Q3 regulatory filing with the SEC. Tdam Usa Inc sold 10,986 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 24,546 shares of the integrated oil company at the end of 2017Q3, valued at $1.23M, down from 35,532 at the end of the previous reported quarter. Tdam Usa Inc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $67.01B market cap company. The stock increased 3.90% or $2.14 during the last trading session, reaching $57.05. About 6.51 million shares traded or 8.22% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since February 25, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Investors sentiment decreased to 0.63 in 2017 Q3. Its down 0.08, from 0.71 in 2017Q2. It worsened, as 62 investors sold COP shares while 536 reduced holdings. 91 funds opened positions while 283 raised stakes. 814.86 million shares or 0.93% less from 822.50 million shares in 2017Q2 were reported. Arizona State Retirement Sys reported 334,451 shares. Beacon Financial Gru reported 15,953 shares stake. Lenox Wealth Mgmt holds 60 shares or 0% of its portfolio. Jpmorgan Chase stated it has 0.21% in ConocoPhillips (NYSE:COP). Stratos Wealth Ltd invested 0.08% of its portfolio in ConocoPhillips (NYSE:COP). Centurylink Inv Mgmt, Colorado-based fund reported 43,247 shares. Ontario Teachers Pension Plan Board invested in 123,718 shares. Ifc Fl holds 0.03% of its portfolio in ConocoPhillips (NYSE:COP) for 9,946 shares. Bollard Group Ltd Llc holds 92,309 shares. Gp One Trading LP invested in 0% or 8,472 shares. Mitchell Mcleod Pugh & Williams accumulated 7,175 shares or 0.26% of the stock. Meyer Handelman invested in 0.31% or 135,107 shares. Private Trust Comm Na accumulated 0.16% or 15,010 shares. Rand Wealth Limited Com reported 37,613 shares stake. Cleararc holds 31,261 shares or 0.24% of its portfolio.

Tdam Usa Inc, which manages about $16.26B and $1.70B US Long portfolio, upped its stake in Lockheed Martin Corp (NYSE:LMT) by 1,264 shares to 19,330 shares, valued at $6.00 million in 2017Q3, according to the filing. It also increased its holding in Home Depot Inc (NYSE:HD) by 3,381 shares in the quarter, for a total of 161,366 shares, and has risen its stake in Texas Instrs Inc (NASDAQ:TXN).

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by Jefferies on Thursday, October 19. As per Tuesday, November 15, the company rating was downgraded by CLSA. The rating was maintained by Scotia Capital on Friday, April 7 with “Buy”. Edward Jones upgraded ConocoPhillips (NYSE:COP) on Monday, November 7 to “Buy” rating. Jefferies downgraded ConocoPhillips (NYSE:COP) on Thursday, April 21 to “Underperform” rating. Credit Suisse initiated ConocoPhillips (NYSE:COP) rating on Monday, December 11. Credit Suisse has “Hold” rating and $50.0 target. As per Wednesday, April 19, the company rating was maintained by Guggenheim. Vetr downgraded ConocoPhillips (NYSE:COP) on Monday, August 31 to “Strong-Buy” rating. The company was upgraded on Wednesday, December 13 by Goldman Sachs. On Tuesday, August 4 the stock rating was downgraded by Oppenheimer to “Perform”.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on May, 1. They expect $0.69 earnings per share, up 3,550.00% or $0.71 from last year’s $-0.02 per share. COP’s profit will be $810.46M for 20.67 P/E if the $0.69 EPS becomes a reality. After $0.45 actual earnings per share reported by ConocoPhillips for the previous quarter, Wall Street now forecasts 53.33% EPS growth.

Northpointe Capital Llc, which manages about $1.18B and $936.03 million US Long portfolio, decreased its stake in First Fndtn Inc (NASDAQ:FFWM) by 44,341 shares to 357,861 shares, valued at $6.40M in 2017Q3, according to the filing. It also reduced its holding in Morgan Stanley (NYSE:MS) by 40,306 shares in the quarter, leaving it with 70,536 shares, and cut its stake in Prologis Inc (NYSE:PLD).

Among 10 analysts covering Carbonite (NASDAQ:CARB), 6 have Buy rating, 2 Sell and 2 Hold. Therefore 60% are positive. Carbonite had 16 analyst reports since September 21, 2015 according to SRatingsIntel. Northland Capital maintained the stock with “Hold” rating in Friday, November 3 report. Northland Capital maintained Carbonite, Inc. (NASDAQ:CARB) rating on Wednesday, February 14. Northland Capital has “Hold” rating and $27.0 target. On Tuesday, October 11 the stock rating was upgraded by Oppenheimer to “Outperform”. The rating was maintained by Northland Capital with “Hold” on Wednesday, September 20. The firm has “Sell” rating given on Monday, September 21 by Zacks. The company was maintained on Friday, August 4 by Barclays Capital. As per Tuesday, February 28, the company rating was maintained by Lake Street. On Wednesday, December 13 the stock rating was maintained by Rosenblatt with “Buy”. The rating was maintained by JMP Securities on Monday, November 27 with “Buy”. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Buy” rating given on Tuesday, October 17 by JMP Securities.

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