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Constellium NV (CSTM): This Metric Is Giving A Huge Buy Signal

Now, key hedge funds have jumped into Constellium NV (NYSE:CSTM) headfirst. Anchorage Advisors, assembled the biggest position in Constellium NV (NYSE:CSTM). Anchorage Advisors had $22.8 million invested in the company at the end of the quarter. Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital also initiated a $9.1 million position during the quarter. The following funds were also among the new CSTM investors: Robert Henry Lynch’s Aristeia Capital, Richard Driehaus’s Driehaus Capital, and Robert Polak’s Anchor Bolt Capital.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Constellium NV (NYSE:CSTM) but similarly valued. We will take a look at ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS), Green Plains Partners LP (NASDAQ:GPP), HomeStreet Inc (NASDAQ:HMST), and Seadrill Partners LLC (NYSE:SDLP). This group of stocks’ market values resemble CSTM’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
IMOS 17 207132 -1
GPP 5 83207 0
HMST 11 15773 0
SDLP 7 1670 0

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $77 million. That figure was $284 million in CSTM’s case. ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) is the most popular stock in this table. On the other hand Green Plains Partners LP (NASDAQ:GPP) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Constellium NV (NYSE:CSTM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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