Castellum (NYSEAMERICAN:CTM) Rating Increased to Hold at Zacks Research

Castellum (NYSEAMERICAN:CTM) was upgraded by analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Castellum Trading Up 4.2%

Shares of NYSEAMERICAN:CTM opened at $0.63 on Tuesday. The company has a market capitalization of $59.74 million, a price-to-earnings ratio of -31.51 and a beta of -6.57. Castellum has a 12-month low of $0.48 and a 12-month high of $1.36. The business has a 50-day moving average price of $0.70 and a 200 day moving average price of $0.75.

Castellum (NYSEAMERICAN:CTM) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $13.86 million for the quarter, compared to analysts’ expectations of $16.00 million. Castellum had a negative return on equity of 6.31% and a negative net margin of 4.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Inspire Advisors LLC acquired a new stake in shares of Castellum in the fourth quarter valued at $38,000. Cubist Systematic Strategies LLC acquired a new position in Castellum in the 1st quarter valued at about $72,000. Two Sigma Investments LP grew its position in Castellum by 135.1% in the 3rd quarter. Two Sigma Investments LP now owns 77,565 shares of the company’s stock valued at $85,000 after acquiring an additional 44,569 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in Castellum during the third quarter worth about $103,000. Finally, Centiva Capital LP purchased a new stake in Castellum during the third quarter worth about $133,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Castellum Company Profile

Castellum AB is a Sweden?based real estate company specializing in the ownership, management and development of commercial properties. The company’s primary focus is on office premises and logistics facilities situated in attractive growth regions across Sweden and the broader Öresund area. With a strategic emphasis on long?term leases and strong tenant relationships, Castellum aims to deliver stable rental income and capital appreciation over time.

Founded in 1940 and headquartered in Gothenburg, Castellum has grown through a combination of land acquisitions, property development and selective portfolio divestments.