Rutabaga Capital Management Lifted Stake in Quinstreet (QNST) as Share Value Rose; North Run Capital LP Has Trimmed Holding in Constellium Nv (CSTM) by $9.78 Million

May 18, 2018 - By Darrin Black

QuinStreet, Inc. (NASDAQ:QNST) Logo

Thomas Ellis decreased its stake in Constellium Nv (CSTM) by 40.61% based on its latest 2017Q4 regulatory filing with the SEC. North Run Capital Lp sold 889,089 shares as the company’s stock declined 1.39% with the market. The hedge fund run by Thomas Ellis held 1.30M shares of the metal fabrications company at the end of 2017Q4, valued at $14.50 million, down from 2.19 million at the end of the previous reported quarter. North Run Capital Lp who had been investing in Constellium Nv for a number of months, seems to be less bullish one the $1.66B market cap company. The stock increased 2.07% or $0.25 during the last trading session, reaching $12.35. About 1.38M shares traded or 18.13% up from the average. Constellium N.V. (NYSE:CSTM) has risen 63.85% since May 18, 2017 and is uptrending. It has outperformed by 52.30% the S&P500.




Peter Schliemann increased its stake in Quinstreet Inc. (QNST) by 166.14% based on its latest 2017Q4 regulatory filing with the SEC. Rutabaga Capital Management Llc bought 181,621 shares as the company’s stock rose 61.84% while stock markets declined. The hedge fund run by Peter Schliemann held 290,940 shares of the miscellaneous company at the end of 2017Q4, valued at $2.44M, up from 109,319 at the end of the previous reported quarter. Rutabaga Capital Management Llc who had been investing in Quinstreet Inc. for a number of months, seems to be bullish on the $603.32M market cap company. The stock increased 3.14% or $0.39 during the last trading session, reaching $12.8. About 512,226 shares traded. QuinStreet, Inc. (NASDAQ:QNST) has risen 267.90% since May 18, 2017 and is uptrending. It has outperformed by 256.35% the S&P500.

More recent Constellium N.V. (NYSE:CSTM) news were published by: Globenewswire.com which released: “Constellium Reports First Quarter 2018 Results” on April 26, 2018. Also Globenewswire.com published the news titled: “Constellium posts Annual General Meeting Materials” on April 27, 2018. Nasdaq.com‘s news article titled: “Constellium to expand operations in Decin, Czech Republic, to increase casting, recycling and extrusion capacity of …” with publication date: May 17, 2018 was also an interesting one.

Analysts await Constellium N.V. (NYSE:CSTM) to report earnings on July, 26. They expect $0.31 EPS, up 93.75% or $0.15 from last year’s $0.16 per share. CSTM’s profit will be $41.69M for 9.96 P/E if the $0.31 EPS becomes a reality. After $0.17 actual EPS reported by Constellium N.V. for the previous quarter, Wall Street now forecasts 82.35% EPS growth.

Among 13 analysts covering Constellium NV (NYSE:CSTM), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Constellium NV had 29 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, February 23, the company rating was maintained by Seaport Global. The stock of Constellium N.V. (NYSE:CSTM) earned “Buy” rating by Cowen & Co on Friday, February 23. The rating was maintained by Cowen & Co on Thursday, July 27 with “Hold”. The firm has “Buy” rating by Cowen & Co given on Tuesday, February 6. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, July 28. As per Monday, November 27, the company rating was upgraded by Cowen & Co. Seaport Global maintained Constellium N.V. (NYSE:CSTM) on Thursday, April 19 with “Hold” rating. Seaport Global downgraded Constellium N.V. (NYSE:CSTM) rating on Friday, July 28. Seaport Global has “Hold” rating and $900 target. Credit Suisse initiated Constellium N.V. (NYSE:CSTM) on Friday, March 11 with “Outperform” rating. BMO Capital Markets maintained Constellium N.V. (NYSE:CSTM) rating on Friday, October 27. BMO Capital Markets has “Market Perform” rating and $13 target.

North Run Capital Lp, which manages about $1.78 billion and $163.67M US Long portfolio, upped its stake in New York Reit Inc (NYSE:NYRT) by 1.00M shares to 3.63 million shares, valued at $14.25M in 2017Q4, according to the filing.

More notable recent QuinStreet, Inc. (NASDAQ:QNST) news were published by: Globenewswire.com which released: “QuinStreet to Present at the Cowen and Company 46th Annual Technology, Media & Telecom Conference” on April 22, 2018, also Globenewswire.com with their article: “QuinStreet Reports Record Results for Third Quarter Fiscal Year 2018” published on April 25, 2018, Globenewswire.com published: “QuinStreet To Present at Needham Emerging Technology Conference” on April 20, 2018. More interesting news about QuinStreet, Inc. (NASDAQ:QNST) were released by: Nasdaq.com and their article: “QuinStreet To Meet with Investors in New York” published on May 02, 2018 as well as Globenewswire.com‘s news article titled: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” with publication date: May 01, 2018.

Since December 15, 2017, it had 0 insider buys, and 8 selling transactions for $14.88 million activity. On Thursday, March 15 the insider Simons James R. sold $3.14M. On Thursday, March 15 the insider Wong Gregory sold $313,868.

Rutabaga Capital Management Llc, which manages about $1.07 billion and $434.77 million US Long portfolio, decreased its stake in Thermon Group Holdings Inc. (NYSE:THR) by 229,366 shares to 862,677 shares, valued at $20.42 million in 2017Q4, according to the filing. It also reduced its holding in Peak Resorts Inc by 85,835 shares in the quarter, leaving it with 938,451 shares, and cut its stake in Granite Construction Inc (NYSE:GVA).

QuinStreet, Inc. (NASDAQ:QNST) Institutional Positions Chart

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