Ascend Capital Raised Constellium Nv (CSTM) Holding by $828,982; Jarislowsky Fraser LTD Has Lowered Bank Of Nova Scotia (BNS) Holding by $11.98 Million; Share Price Declined

April 19, 2018 - By Peter Erickson

Constellium N.V. (NYSE:CSTM) Logo

Malcolm Fairbairn increased its stake in Constellium Nv (CSTM) by 6.18% based on its latest 2017Q4 regulatory filing with the SEC. Ascend Capital Llc bought 75,362 shares as the company’s stock declined 1.39% with the market. The hedge fund run by Malcolm Fairbairn held 1.29 million shares of the metal fabrications company at the end of 2017Q4, valued at $14.44 million, up from 1.22M at the end of the previous reported quarter. Ascend Capital Llc who had been investing in Constellium Nv for a number of months, seems to be bullish on the $1.56B market cap company. The stock decreased 0.64% or $0.075 during the last trading session, reaching $11.625. About 448,430 shares traded. Constellium N.V. (NYSE:CSTM) has risen 63.85% since April 19, 2017 and is uptrending. It has outperformed by 52.30% the S&P500.

Jarislowsky Fraser Ltd decreased its stake in Bank Of Nova Scotia (BNS) by 1.11% based on its latest 2017Q4 regulatory filing with the SEC. Jarislowsky Fraser Ltd sold 187,132 shares as the company’s stock declined 5.86% with the market. The institutional investor held 16.64M shares of the major banks company at the end of 2017Q4, valued at $1.08 billion, down from 16.83M at the end of the previous reported quarter. Jarislowsky Fraser Ltd who had been investing in Bank Of Nova Scotia for a number of months, seems to be less bullish one the $69.45 billion market cap company. The stock decreased 1.05% or $0.64 during the last trading session, reaching $60.23. About 217,321 shares traded. The Bank of Nova Scotia (NYSE:BNS) has risen 3.96% since April 19, 2017 and is uptrending. It has underperformed by 7.59% the S&P500.

Among 9 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. The Bank Of Nova Scotia had 17 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, August 29. RBC Capital Markets maintained the shares of BNS in report on Monday, August 31 with “Outperform” rating. On Wednesday, September 21 the stock rating was initiated by Dundee Securities with “Buy”. RBC Capital Markets maintained The Bank of Nova Scotia (NYSE:BNS) on Wednesday, December 2 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, May 31. As per Wednesday, August 31, the company rating was maintained by RBC Capital Markets. The stock of The Bank of Nova Scotia (NYSE:BNS) earned “Buy” rating by Canaccord Genuity on Friday, August 28. Barclays Capital upgraded The Bank of Nova Scotia (NYSE:BNS) on Tuesday, May 23 to “Overweight” rating. The company was downgraded on Thursday, June 9 by Macquarie Research.

Jarislowsky Fraser Ltd, which manages about $33.95B and $17.19 billion US Long portfolio, upped its stake in Altria Group Inc. (NYSE:MO) by 7,338 shares to 485,264 shares, valued at $34.65M in 2017Q4, according to the filing. It also increased its holding in Relx Plc Adr by 75,180 shares in the quarter, for a total of 777,487 shares, and has risen its stake in Ambev Sa Adr (NYSE:ABEV).

Analysts await The Bank of Nova Scotia (NYSE:BNS) to report earnings on May, 29. They expect $1.30 EPS, up 5.69% or $0.07 from last year’s $1.23 per share. BNS’s profit will be $1.50 billion for 11.58 P/E if the $1.30 EPS becomes a reality. After $1.37 actual EPS reported by The Bank of Nova Scotia for the previous quarter, Wall Street now forecasts -5.11% negative 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 26 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Monday, September 21 by Cowen & Co. The rating was maintained by Cowen & Co with “Buy” on Friday, February 23. As per Friday, October 27, the company rating was maintained by BMO Capital Markets. The stock of Constellium N.V. (NYSE:CSTM) earned “Buy” rating by Sterne Agee CRT on Friday, October 2. Credit Suisse initiated Constellium N.V. (NYSE:CSTM) rating on Friday, March 11. Credit Suisse has “Outperform” rating and $10 target. The firm earned “Neutral” rating on Friday, September 9 by Seaport Global. The stock of Constellium N.V. (NYSE:CSTM) earned “Overweight” rating by Morgan Stanley on Tuesday, February 6. The firm earned “Market Perform” rating on Friday, July 28 by BMO Capital Markets. Citigroup maintained it with “Neutral” rating and $7 target in Monday, October 5 report. Seaport Global downgraded the stock to “Hold” rating in Friday, July 28 report.

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