Constellium Nv (CSTM) Holder Brigade Capital Management LP Has Decreased Stake; Bunge Limited (BG) Stock Value Declined While Boussard & Gavaudan Investment Management Llp Has Cut Its Stake by $51.42 Million

January 13, 2018 - By Hazel Jackson

Boussard & Gavaudan Investment Management Llp decreased its stake in Bunge Limited (BG) by 63.35% based on its latest 2017Q3 regulatory filing with the SEC. Boussard & Gavaudan Investment Management Llp sold 745,248 shares as the company’s stock declined 10.41% while stock markets rallied. The institutional investor held 431,231 shares of the packaged foods company at the end of 2017Q3, valued at $30.00 million, down from 1.18 million at the end of the previous reported quarter. Boussard & Gavaudan Investment Management Llp who had been investing in Bunge Limited for a number of months, seems to be less bullish one the $9.81B market cap company. The stock decreased 0.99% or $0.7 during the last trading session, reaching $69.74. About 968,612 shares traded. Bunge Limited (NYSE:BG) has risen 14.04% since January 13, 2017 and is uptrending. It has underperformed by 2.66% the S&P500.

Don Morgan decreased its stake in Constellium Nv (CSTM) by 7.17% based on its latest 2017Q3 regulatory filing with the SEC. Brigade Capital Management Lp sold 107,500 shares as the company’s stock declined 23.17% while stock markets rallied. The hedge fund run by Don Morgan held 1.39M shares of the metal fabrications company at the end of 2017Q3, valued at $14.27M, down from 1.50 million at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Constellium Nv for a number of months, seems to be less bullish one the $1.66 billion market cap company. The stock decreased 0.40% or $0.05 during the last trading session, reaching $12.35. About 1.16M shares traded. Constellium N.V (NYSE:CSTM) has risen 20.46% since January 13, 2017 and is uptrending. It has outperformed by 3.76% the S&P500.

Boussard & Gavaudan Investment Management Llp, which manages about $2.28B US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 3.14M shares to 11.60M shares, valued at $1.99 billion in 2017Q3, according to the filing. It also increased its holding in Tiffany & Co New (NYSE:TIF) by 63,473 shares in the quarter, for a total of 397,158 shares, and has risen its stake in Colgate Palmolive Co (NYSE:CL).

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.26, from 0.8 in 2017Q2. It improved, as 43 investors sold BG shares while 113 reduced holdings. 40 funds opened positions while 125 raised stakes. 109.29 million shares or 1.39% less from 110.83 million shares in 2017Q2 were reported. Hsbc Holdg Public Ltd has 209,623 shares for 0.02% of their portfolio. Geode Cap Mgmt Limited Liability Corporation stated it has 0.04% of its portfolio in Bunge Limited (NYSE:BG). British Columbia Inv Mgmt invested 0.04% in Bunge Limited (NYSE:BG). Old Second Financial Bank Of Aurora, Illinois-based fund reported 1,080 shares. Bedrijfstakpensioenfonds Voor De Media Pno accumulated 14,735 shares. Fund Mngmt Sa stated it has 90,858 shares or 0.05% of all its holdings. State Common Retirement Fund stated it has 388,655 shares or 0.03% of all its holdings. Daiwa Sb Investments Ltd reported 1,160 shares. Sector Pension Board has invested 0.06% in Bunge Limited (NYSE:BG). 389,257 are owned by Lord Abbett And Ltd Liability Co. United Services Automobile Association reported 0.06% stake. Perella Weinberg Partners Capital Mngmt Lp has invested 0.04% in Bunge Limited (NYSE:BG). Millennium Ltd Liability accumulated 0.05% or 458,577 shares. Dreman Value Mngmt L L C holds 0% or 80 shares. Parkside Bank & Trust & Trust holds 0% of its portfolio in Bunge Limited (NYSE:BG) for 104 shares.

Among 9 analysts covering Bunge Limited (NYSE:BG), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Bunge Limited had 28 analyst reports since July 31, 2015 according to SRatingsIntel. Credit Suisse maintained Bunge Limited (NYSE:BG) rating on Friday, May 5. Credit Suisse has “Buy” rating and $80 target. BMO Capital Markets upgraded the stock to “Outperform” rating in Tuesday, September 29 report. On Monday, March 20 the stock rating was downgraded by Goldman Sachs to “Neutral”. The rating was maintained by Citigroup with “Buy” on Wednesday, July 12. The stock of Bunge Limited (NYSE:BG) earned “Buy” rating by Piper Jaffray on Friday, October 6. The rating was maintained by BMO Capital Markets with “Buy” on Monday, June 12. JP Morgan upgraded the stock to “Neutral” rating in Friday, May 5 report. The rating was maintained by Piper Jaffray on Thursday, August 3 with “Buy”. The company was upgraded on Tuesday, August 2 by Bank of America. The firm has “Buy” rating given on Friday, April 29 by Citigroup.

Analysts await Bunge Limited (NYSE:BG) to report earnings on February, 21. They expect $1.63 earnings per share, down 4.12% or $0.07 from last year’s $1.7 per share. BG’s profit will be $229.19M for 10.70 P/E if the $1.63 EPS becomes a reality. After $0.75 actual earnings per share reported by Bunge Limited for the previous quarter, Wall Street now forecasts 117.33% EPS growth.

Among 12 analysts covering Constellium NV (NYSE:CSTM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Constellium NV had 20 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, October 5 by Deutsche Bank. The rating was downgraded by Seaport Global to “Hold” on Friday, July 28. On Friday, October 27 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Constellium N.V (NYSE:CSTM) earned “Overweight” rating by Morgan Stanley on Thursday, November 16. BMO Capital Markets maintained Constellium N.V (NYSE:CSTM) rating on Friday, July 28. BMO Capital Markets has “Market Perform” rating and $9 target. Citigroup maintained it with “Neutral” rating and $7 target in Monday, October 5 report. JP Morgan maintained the shares of CSTM in report on Wednesday, March 16 with “Overweight” rating. Cowen & Co initiated Constellium N.V (NYSE:CSTM) rating on Monday, September 21. Cowen & Co has “Market Perform” rating and $10 target. The stock of Constellium N.V (NYSE:CSTM) has “Buy” rating given on Friday, October 2 by Sterne Agee CRT. The rating was upgraded by Cowen & Co on Monday, November 27 to “Outperform”.

Brigade Capital Management Lp, which manages about $17.09 billion and $1.23 billion US Long portfolio, upped its stake in Arconic Inc by 153,000 shares to 1.14M shares, valued at $28.41M in 2017Q3, according to the filing. It also increased its holding in Sanchez Energy Corp (NYSE:SN) by 1.22M shares in the quarter, for a total of 1.82 million shares, and has risen its stake in Nrg Energy Inc (NYSE:NRG).

Analysts await Constellium N.V (NYSE:CSTM) to report earnings on March, 8. They expect $0.13 EPS, up 161.90% or $0.34 from last year’s $-0.21 per share. CSTM’s profit will be $17.48M for 23.75 P/E if the $0.13 EPS becomes a reality. After $0.24 actual EPS reported by Constellium N.V for the previous quarter, Wall Street now forecasts -45.83% negative EPS growth.

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