Hedge funds were clearly right about piling into this stock relative to other stocks with similar market capitalizations.ĭisclosure: None. Hedge funds were also right about betting on CARB as the stock returned 48.5% during the first two months of Q4 and outperformed the market by an even larger margin. Our calculations showed that top 20 most popular stocks among hedge funds returned 37.4% in 2019 through the end of November and outperformed the S&P 500 ETF (SPY) by 9.9 percentage points. Compared to these stocks Carbonite Inc (NASDAQ:CARB) is more popular among hedge funds. On the other hand Peoples Utah Bancorp (NASDAQ: PUB) is the least popular one with only 6 bullish hedge fund positions. Whether its computer protection, server backup or both, you can easily find the solution that meets your needs. Weve partnered with Carbonite to keep businesses running smoothly. Intersect ENT Inc (NASDAQ: XENT) is the most popular stock in this table. From simple to sophisticated, we have a Carbonite solution for you. That figure was $78 million in CARB's case. View table here if you experience formatting issues.Īs you can see these stocks had an average of 13.25 hedge funds with bullish positions and the average amount invested in these stocks was $68 million. This group of stocks' market caps match CARB's market cap. We will take a look at Digital Turbine Inc (NASDAQ: APPS), Intersect ENT Inc (NASDAQ: XENT), First Financial Corp (NASDAQ: THFF), and Peoples Utah Bancorp (NASDAQ: PUB). Let's also examine hedge fund activity in other stocks - not necessarily in the same industry as Carbonite Inc (NASDAQ:CARB) but similarly valued. The other funds with new positions in the stock are Arnaud Ajdler's Engine Capital, Cynthia Paul's Lynrock Lake, and Ken Griffin's Citadel Investment Group. Eric Singer's VIEX Capital Advisors also made a $11.3 million investment in the stock during the quarter. Elliott Management had $17 million invested in the company at the end of the quarter. Elliott Management, managed by Paul Singer, assembled the most valuable position in Carbonite Inc (NASDAQ:CARB). VIEX Capital Advisors is also relatively very bullish on the stock, setting aside 6.71 percent of its 13F equity portfolio to CARB.Īs aggregate interest increased, specific money managers have been driving this bullishness. In terms of the portfolio weights assigned to each position Stadium Capital Management allocated the biggest weight to Carbonite Inc (NASDAQ:CARB), around 8.76% of its portfolio. Other investors bullish on the company included VIEX Capital Advisors, Maverick Capital, and Engine Capital. It was followed by Stadium Capital Management with a $14.6 million position. The largest stake in Carbonite Inc (NASDAQ:CARB) was held by Elliott Management, which reported holding $17 million worth of stock at the end of September.
0 kommentar(er)
