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Constellium N.V. (CSTM) Reaches $11.23 After 3.00% Down Move; Driehaus Capital Management Has Cut Axt (AXTI) Position

Constellium N.V. (NYSE:CSTM) Logo

Driehaus Capital Management Llc decreased Axt Inc (AXTI) stake by 58.57% reported in 2017Q4 SEC filing. Driehaus Capital Management Llc sold 556,910 shares as Axt Inc (AXTI)’s stock declined 18.18%. The Driehaus Capital Management Llc holds 394,003 shares with $3.43 million value, down from 950,913 last quarter. Axt Inc now has $251.28M valuation. The stock decreased 0.77% or $0.05 during the last trading session, reaching $6.45. About 163,769 shares traded. AXT, Inc. (NASDAQ:AXTI) has risen 28.57% since April 20, 2017 and is uptrending. It has outperformed by 17.02% the S&P500.

The stock of Constellium N.V. (NYSE:CSTM) is a huge mover today! The stock decreased 2.81% or $0.325 during the last trading session, reaching $11.225. About 517,229 shares traded. Constellium N.V. (NYSE:CSTM) has risen 63.85% since April 20, 2017 and is uptrending. It has outperformed by 52.30% the S&P500.The move comes after 9 months negative chart setup for the $1.51 billion company. It was reported on Apr, 20 by Barchart.com. We have $10.89 PT which if reached, will make NYSE:CSTM worth $45.30M less.

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company has market cap of $1.51 billion. The firm operates in three divisions: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. It currently has negative earnings. The Packaging & Automotive Rolled Products segment produces rolled aluminum products, including can stock and closure stock for the beverage and food industry, and foil stock for the flexible packaging market.

Analysts await Constellium N.V. (NYSE:CSTM) to report earnings on April, 26 before the open. They expect $0.21 EPS, up 61.54% or $0.08 from last year’s $0.13 per share. CSTM’s profit will be $28.25M for 13.36 P/E if the $0.21 EPS becomes a reality. After $-0.77 actual EPS reported by Constellium N.V. for the previous quarter, Wall Street now forecasts -127.27% EPS growth.

Among 13 analysts covering Constellium NV (NYSE:CSTM), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Constellium NV had 27 analyst reports since August 6, 2015 according to SRatingsIntel. JP Morgan maintained it with “Overweight” rating and $12 target in Wednesday, March 16 report. The stock of Constellium N.V. (NYSE:CSTM) earned “Neutral” rating by Seaport Global on Friday, September 9. Seaport Global maintained Constellium N.V. (NYSE:CSTM) rating on Friday, February 23. Seaport Global has “Hold” rating and $15.0 target. The firm earned “Buy” rating on Friday, October 2 by Sterne Agee CRT. Credit Suisse initiated it with “Outperform” rating and $10 target in Friday, March 11 report. The stock of Constellium N.V. (NYSE:CSTM) has “Buy” rating given on Tuesday, February 6 by Cowen & Co. The stock of Constellium N.V. (NYSE:CSTM) earned “Outperform” rating by Cowen & Co on Monday, November 27. The firm has “Hold” rating by Seaport Global given on Friday, July 28. The rating was maintained by BMO Capital Markets on Friday, July 28 with “Market Perform”. As per Monday, October 5, the company rating was maintained by Citigroup.

Analysts await AXT, Inc. (NASDAQ:AXTI) to report earnings on April, 25 after the close. They expect $0.06 EPS, up 200.00% or $0.04 from last year’s $0.02 per share. AXTI’s profit will be $2.34 million for 26.88 P/E if the $0.06 EPS becomes a reality. After $0.08 actual EPS reported by AXT, Inc. for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Driehaus Capital Management Llc increased Agree Realty Corp (NYSE:ADC) stake by 23,246 shares to 55,246 valued at $2.84 million in 2017Q4. It also upped Central Garden & Pet Co (NASDAQ:CENT) stake by 10,157 shares and now owns 54,439 shares. Vale Sa (NYSE:VALE) was raised too.

Among 8 analysts covering AXT Inc (NASDAQ:AXTI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. AXT Inc had 18 analyst reports since December 9, 2015 according to SRatingsIntel. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Needham on Thursday, October 26. On Friday, June 16 the stock rating was maintained by Dougherty with “Buy”. B. Riley & Co maintained the shares of AXTI in report on Thursday, October 26 with “Neutral” rating. As per Wednesday, December 9, the company rating was upgraded by B. Riley & Co. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Dougherty & Company on Monday, February 13. The rating was maintained by Craig Hallum with “Buy” on Thursday, April 12. The firm earned “Buy” rating on Thursday, October 26 by Northland Capital. Needham maintained the stock with “Buy” rating in Thursday, February 23 report. As per Tuesday, April 17, the company rating was upgraded by FBR Capital. The company was downgraded on Friday, March 17 by B. Riley & Co.

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.07, from 1.21 in 2017Q3. It turned negative, as 8 investors sold AXTI shares while 34 reduced holdings. 22 funds opened positions while 26 raised stakes. 22.11 million shares or 5.71% less from 23.45 million shares in 2017Q3 were reported. Mckinley Capital Mngmt Ltd Com Delaware holds 0.13% or 289,862 shares in its portfolio. 89,177 were accumulated by Tiaa Cref Investment Mgmt Lc. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in AXT, Inc. (NASDAQ:AXTI). Bridgeway Cap holds 0.03% in AXT, Inc. (NASDAQ:AXTI) or 274,906 shares. 10,800 were reported by Credit Suisse Ag. Thompson Siegel & Walmsley Limited Co has invested 0% in AXT, Inc. (NASDAQ:AXTI). Parametric Port Associates Ltd Liability has 131,707 shares for 0% of their portfolio. Aqr Mgmt Ltd Liability Co reported 0% stake. Herald Investment has invested 0.41% in AXT, Inc. (NASDAQ:AXTI). Driehaus Capital Mgmt Ltd Liability, a Illinois-based fund reported 394,003 shares. Metropolitan Life Ny owns 8,231 shares. Gru One Trading Limited Partnership holds 8,783 shares. New York State Common Retirement Fund holds 208,614 shares. State Street Corporation has invested 0% in AXT, Inc. (NASDAQ:AXTI). 10,072 were reported by Parallax Volatility Advisers L P.

AXT, Inc. (NASDAQ:AXTI) Ratings Chart

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