Northpointe Capital Decreased Carbonite (CARB) Position By $4.48 Million; ECA Marcellus Trust I (ECT) Covered By 0 Bulls

Carbonite, Inc. (NASDAQ:CARB) Logo

Northpointe Capital Llc decreased Carbonite Inc (CARB) stake by 37.15% reported in 2018Q1 SEC filing. Northpointe Capital Llc sold 159,908 shares as Carbonite Inc (CARB)’s stock rose 27.76%. The Northpointe Capital Llc holds 270,556 shares with $7.79M value, down from 430,464 last quarter. Carbonite Inc now has $1.08 billion valuation. The stock increased 2.29% or $0.85 during the last trading session, reaching $37.9. About 357,977 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 92.47% since May 30, 2017 and is uptrending. It has outperformed by 79.90% the S&P500.

Among 2 analysts covering Eca Marcellus Trust I (NYSE:ECT), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Eca Marcellus Trust I had 3 analyst reports since August 28, 2015 according to SRatingsIntel. On Tuesday, September 1 the stock rating was downgraded by Raymond James to “Underperform”. The stock has “Sell” rating by Zacks on Tuesday, September 8. The stock has “Sell” rating by Zacks on Friday, August 28. See ECA Marcellus Trust I (NYSE:ECT) latest ratings:

Analysts await Carbonite, Inc. (NASDAQ:CARB) to report earnings on August, 2. They expect $0.24 EPS, up 500.00% or $0.20 from last year’s $0.04 per share. CARB’s profit will be $6.86M for 39.48 P/E if the $0.24 EPS becomes a reality. After $0.17 actual EPS reported by Carbonite, Inc. for the previous quarter, Wall Street now forecasts 41.18% EPS growth.

More notable recent Carbonite, Inc. (NASDAQ:CARB) news were published by: Globenewswire.com which released: “Carbonite Announces First Quarter 2018 Financial Results” on May 07, 2018, also Globenewswire.com with their article: “Carbonite to Present at Upcoming Investor Conferences” published on May 16, 2018, Globenewswire.com published: “Carbonite Charitable Fund Awards Grants to Six STEM Organizations” on May 15, 2018. More interesting news about Carbonite, Inc. (NASDAQ:CARB) were released by: Globenewswire.com and their article: “Carbonite Showcases Data Protection Platform at Dell Technologies World 2018” published on May 02, 2018 as well as Seekingalpha.com‘s news article titled: “Carbonite’s (CARB) CEO Mohamad Ali on Q1 2018 Results – Earnings Call Transcript” with publication date: May 08, 2018.

Northpointe Capital Llc increased Coeur Mng Inc (NYSE:CDE) stake by 900,171 shares to 1.59 million valued at $12.76M in 2018Q1. It also upped Mammoth Energy Svcs Inc stake by 176,700 shares and now owns 309,858 shares. Sterling Construction Co Inc (NASDAQ:STRL) was raised too.

Since December 11, 2017, it had 0 insider purchases, and 20 sales for $2.02 million activity. $46,269 worth of stock was sold by Mohan Deepak on Thursday, February 22. Mellinger Paul S. sold $26,900 worth of stock or 1,135 shares. $426,917 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by Guadagno Norman on Friday, March 16. 519 shares valued at $11,989 were sold by SHEER DANIELLE on Tuesday, December 12. Levinson Marina sold $152,929 worth of stock or 4,352 shares. Another trade for 2,458 shares valued at $58,255 was made by FOLGER ANTHONY on Friday, February 2. Shares for $231,600 were sold by KRASNOW TODD.

Investors sentiment increased to 1.09 in Q1 2018. Its up 0.01, from 1.08 in 2017Q4. It is positive, as 16 investors sold CARB shares while 48 reduced holdings. 26 funds opened positions while 44 raised stakes. 23.98 million shares or 3.81% less from 24.93 million shares in 2017Q4 were reported. State Street holds 479,908 shares or 0% of its portfolio. 239,049 were reported by Fincl Bank Of Ny Mellon. Granahan Invest Management Ma has invested 1.19% of its portfolio in Carbonite, Inc. (NASDAQ:CARB). Arrowmark Colorado reported 0.42% of its portfolio in Carbonite, Inc. (NASDAQ:CARB). Credit Suisse Ag holds 0% in Carbonite, Inc. (NASDAQ:CARB) or 32,763 shares. Morgan Stanley has 72,365 shares for 0% of their portfolio. New England Private Wealth Advisors Ltd Company has invested 0.06% in Carbonite, Inc. (NASDAQ:CARB). California Public Employees Retirement Sys, California-based fund reported 73,010 shares. Fifth Third Bank invested in 290 shares. Paw Cap Corporation invested in 3.46% or 100,000 shares. State Board Of Administration Of Florida Retirement System holds 0% of its portfolio in Carbonite, Inc. (NASDAQ:CARB) for 35,278 shares. 115,371 are held by Schwab Charles Investment Management. Scout owns 0.13% invested in Carbonite, Inc. (NASDAQ:CARB) for 194,475 shares. 101,510 were reported by Zacks Investment. Cadence Capital Ltd Liability reported 97,405 shares.

Among 11 analysts covering Carbonite (NASDAQ:CARB), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. Carbonite had 21 analyst reports since September 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, May 8 by Oppenheimer. As per Tuesday, May 8, the company rating was maintained by FBR Capital. Northland Capital maintained Carbonite, Inc. (NASDAQ:CARB) rating on Wednesday, September 20. Northland Capital has “Hold” rating and $20.0 target. The company was maintained on Tuesday, February 28 by Lake Street. The firm has “Buy” rating by B. Riley & Co given on Friday, June 10. The stock of Carbonite, Inc. (NASDAQ:CARB) earned “Hold” rating by Northland Capital on Friday, November 3. Rosenblatt maintained the stock with “Buy” rating in Wednesday, December 13 report. The firm earned “Buy” rating on Tuesday, October 17 by JMP Securities. The rating was maintained by JMP Securities on Monday, November 27 with “Buy”. Craig Hallum maintained it with “Buy” rating and $4000 target in Tuesday, May 8 report.

It closed at $2 lastly. It is down 4.76% since May 30, 2017 and is downtrending. It has underperformed by 17.33% the S&P500.

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America . The company has market cap of $35.21 million. The firm owns royalty interests in 14 producing horizontal natural gas wells producing from the Marcellus Shale formation located in Greene County, Pennsylvania; and 52 horizontal natural gas development wells drilled to the Marcellus Shale formation covering approximately 9,300 acres held by ECA in Greene County, Pennsylvania. It has a 6.13 P/E ratio. The Company’s royalty interests in the producing wells allow the firm to receive 90% of the proceeds from the sale of production of natural gas attributable to ECAÂ’s interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECAÂ’s interest in the development wells.

ECA Marcellus Trust I (NYSE:ECT) Institutional Positions Chart