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.

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.