Constellium Nv (CSTM) Holder Bronson Point Management LLC Has Raised Stake

January 22, 2018 - By Lynda A. Deweese

Larry Foley increased its stake in Constellium Nv (CSTM) by 16.2% based on its latest 2017Q3 regulatory filing with the SEC. Bronson Point Management Llc bought 396,864 shares as the company’s stock declined 23.17% while stock markets rallied. The hedge fund run by Larry Foley held 2.85M shares of the metal fabrications company at the end of 2017Q3, valued at $29.18 million, up from 2.45M at the end of the previous reported quarter. Bronson Point Management Llc who had been investing in Constellium Nv for a number of months, seems to be bullish on the $1.75 billion market cap company. The stock decreased 0.38% or $0.05 during the last trading session, reaching $13. About 419,474 shares traded. Constellium N.V (NYSE:CSTM) has risen 20.46% since January 22, 2017 and is uptrending. It has outperformed by 3.76% the S&P500.

Another recent and important Constellium N.V (NYSE:CSTM) news was published by Seekingalpha.com which published an article titled: “Alcoa Headwinds Vs. Constellium Tailwinds” on January 22, 2018.

Constellium N.V (NYSE:CSTM) Ratings Coverage

Among 12 analysts covering Constellium NV (NYSE:CSTM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Constellium NV has $19 highest and $600 lowest target. $11.55’s average target is -11.15% below currents $13 stock price. Constellium NV had 20 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen & Co initiated it with “Market Perform” rating and $10 target in Monday, September 21 report. The firm has “Neutral” rating by Citigroup given on Monday, October 5. The stock has “Outperform” rating by Cowen & Co on Monday, November 27. The stock has “Overweight” rating by JP Morgan on Wednesday, March 16. On Friday, October 27 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Credit Suisse initiated Constellium N.V (NYSE:CSTM) on Friday, March 11 with “Outperform” rating. The stock of Constellium N.V (NYSE:CSTM) has “Hold” rating given on Friday, May 20 by Societe Generale. The rating was initiated by Seaport Global with “Neutral” on Friday, September 9. Seaport Global upgraded Constellium N.V (NYSE:CSTM) on Wednesday, November 23 to “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 6 report.

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