Talara Capital Management Raised Its Qep Res (QEP) Holding by $10.82 Million as Valuation Rose; As Carolina Finl New (CARO) Shares Rose, Northpointe Capital Increased Position

August 10, 2018 - By Rachel Eickhoff

Carolina Financial Corporation (NASDAQ:CARO) Logo

Northpointe Capital Llc increased its stake in Carolina Finl Corp New (CARO) by 119.91% based on its latest 2018Q1 regulatory filing with the SEC. Northpointe Capital Llc bought 203,604 shares as the company’s stock rose 4.90% while stock markets declined. The institutional investor held 373,404 shares of the major banks company at the end of 2018Q1, valued at $14.67 million, up from 169,800 at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Carolina Finl Corp New for a number of months, seems to be bullish on the $939.71 million market cap company. The stock decreased 0.07% or $0.03 during the last trading session, reaching $41.89. About 41,054 shares traded. Carolina Financial Corporation (NASDAQ:CARO) has risen 40.79% since August 10, 2017 and is uptrending. It has outperformed by 28.22% the S&P500. Some Historical CARO News: 23/03/2018 Report: Exploring Fundamental Drivers Behind Goldfield, Dicerna Pharmaceuticals, Deciphera Pharmaceuticals, WesBanco, Carolina; 30/04/2018 – Carolina Financial 1Q EPS 19c; 19/04/2018 – DJ Carolina Financial Corp, Inst Holders, 1Q 2018 (CARO)

Talara Capital Management Llc increased its stake in Qep Res Inc (QEP) by 42.33% based on its latest 2018Q1 regulatory filing with the SEC. Talara Capital Management Llc bought 1.20M shares as the company’s stock rose 34.81% while stock markets declined. The hedge fund held 4.04 million shares of the energy company at the end of 2018Q1, valued at $39.59M, up from 2.84 million at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $2.35B market cap company. The stock decreased 0.10% or $0.01 during the last trading session, reaching $9.93. About 5.98M shares traded or Infinity% up from the average. QEP Resources, Inc. (NYSE:QEP) has risen 16.36% since August 10, 2017 and is uptrending. It has outperformed by 3.79% the S&P500. Some Historical QEP News: 25/04/2018 – QEP RESOURCES INC – SEES 2018 TOTAL OIL EQUIVALENT PRODUCTION 48.3 MMBOE – 51.9 MMBOE; 25/04/2018 – QEP Resources 1Q Rev $428.9M; 04/04/2018 – QEP REPORTS PURCHASE OF SOME PR FLOORS PTY ASSETS; 19/04/2018 – DJ QEP Resources Inc, Inst Holders, 1Q 2018 (QEP); 25/04/2018 – QEP – REDUCED CAPITAL ALLOCATED TO WILLISTON BASIN, HAYNESVILLE/COTTON VALLEY ASSETS FOR REST OF 2018 TO SUPPORT ADDITIONAL INVESTMENT IN PERMIAN BASIN; 25/04/2018 – CNBC Wires: QEP Resources: 1Q Earnings Snapshot; 19/04/2018 – QEP Rises for 9 Days; Longest Winning Streak in 8 Years; 03/04/2018 Q.E.P. Co., Inc. Announces Expansion of Its Board of Directors; 25/04/2018 – QEP RESOURCES INC SEES 2018 OIL & CONDENSATE PRODUCTION 21.5 MMBBL – 23.0 MMBBL; 25/04/2018 – Yahoo! Finance: QEP Resources: 1Q Earnings Snapshot

More news for Carolina Financial Corporation (NASDAQ:CARO) were recently published by: Globenewswire.com, which released: “Carolina Financial Corporation Reports Results for Second Quarter of 2018” on July 23, 2018. Nasdaq.com‘s article titled: “New Research: Key Drivers of Growth for CIRCOR International, AmeriGas Partners, Knoll, Ferroglobe, SEI …” and published on July 25, 2018 is yet another important article.

Northpointe Capital Llc, which manages about $1.18B and $799.08 million US Long portfolio, decreased its stake in Spx Flow Inc by 57,530 shares to 167,355 shares, valued at $8.23 million in 2018Q1, according to the filing. It also reduced its holding in Tristate Cap Hldgs Inc (NASDAQ:TSC) by 75,257 shares in the quarter, leaving it with 669,086 shares, and cut its stake in Cypress Semiconductor Corp (NASDAQ:CY).

Among 7 analysts covering Carolina Financial Corporation (NASDAQ:CARO), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Carolina Financial Corporation had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, February 2 by Brean Capital. On Monday, June 12 the stock rating was maintained by Stephens with “Hold”. The stock has “Buy” rating by Sandler O’Neill on Wednesday, November 9. Stephens initiated Carolina Financial Corporation (NASDAQ:CARO) rating on Friday, September 9. Stephens has “Equal-Weight” rating and $22.50 target. Brean Capital maintained the stock with “Buy” rating in Monday, February 5 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 3. Brean Capital maintained the shares of CARO in report on Friday, November 10 with “Buy” rating. Brean Capital maintained the stock with “Buy” rating in Friday, December 1 report. The firm earned “Buy” rating on Monday, October 30 by Brean Capital. The stock of Carolina Financial Corporation (NASDAQ:CARO) earned “Outperform” rating by Raymond James on Tuesday, October 31.

Another recent and important QEP Resources, Inc. (NYSE:QEP) news was published by Seekingalpha.com which published an article titled: “QEP Resources (QEP) Q2 2018 Results – Earnings Call Transcript” on July 26, 2018.

Among 27 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 13 Hold. Therefore 48% are positive. QEP Resources had 74 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Tuesday, June 14. The stock has “Mkt Perform” rating by FBR Capital on Thursday, July 21. The rating was upgraded by Deutsche Bank to “Buy” on Wednesday, December 9. Williams Capital Group maintained it with “Buy” rating and $18.0 target in Thursday, March 1 report. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Underperform” rating by Credit Suisse on Thursday, July 26. The rating was maintained by Imperial Capital with “Outperform” on Friday, August 7. On Monday, September 18 the stock rating was maintained by PiperJaffray with “Overweight”. The stock has “Buy” rating by BMO Capital Markets on Tuesday, October 10. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, November 14. Barclays Capital downgraded the shares of QEP in report on Tuesday, November 7 to “Equal-Weight” rating.

Since March 8, 2018, it had 1 insider purchase, and 0 sales for $90,000 activity.

QEP Resources, Inc. (NYSE:QEP) Institutional Positions Chart

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