Top 5 Stock Picks of Mark Lee’s Mountaineer Partners

3. Constellium SE (NYSE:CSTM)

Mountaineer Partners Management’s Stake Value: $11.242 million

Percentage of Mountaineer Partners Management’s 13F Portfolio: 8.18%

Number of Hedge Fund Holders as of Q2 2021: 28

Constellium SE (NYSE: CSTM) manufactures and distributes rolled aluminum products to its clients around the globe. Mountaineer Partners Management held 593,230 shares of the company as of Q2 2021, which were worth over $11 million. The institutional investor with the largest stake in the company as of the end of the third quarter of 2021 was Jared Nussbaum’s Nut Tree Capital with 3,300,000 shares that had a combined worth of over $61 million.

On September 9, Emily Chieng, an analyst at Goldman Sachs, initiated the coverage of Constellium SE (NYSE: CSTM) with a “Buy” rating and set a 12-month price target of $25.

ClearBridge Investments, an investment management firm, published its “Small Cap Value Strategy” Q2 2021 investor letter in which it shared some insights about Constellium SE (NYSE: CSTM). Here is what the firm said about Constellium SE (NYSE: CSTM) in its Q2 2021 investor letter:

“We continue to find companies we believe fit this description at reasonable prices, such as Constellium, a new position in the second quarter. Constellium is an aluminum processor with a history of excess returns on capital above cost that has lagged during a major capacity increase to serve the auto industry, which should see strong demand given aluminum’s favorable environmental characteristics relative to steel.”