Castellum (NYSEAMERICAN:CTM) Upgraded by Zacks Research to Hold Rating

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

Castellum Trading Up 4.2%

Castellum stock opened at $0.63 on Tuesday. The firm has a market capitalization of $59.74 million, a P/E ratio of -31.51 and a beta of -6.57. Castellum has a twelve month low of $0.48 and a twelve month high of $1.36. The stock’s fifty day simple moving average is $0.70 and its 200-day simple moving average is $0.75.

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

Hedge Funds Weigh In On Castellum

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Advisors LLC purchased a new stake in shares of Castellum in the 4th quarter valued at approximately $38,000. Two Sigma Investments LP raised its holdings in shares of 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 purchasing an additional 44,569 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Castellum by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 773,724 shares of the company’s stock worth $699,000 after purchasing an additional 50,197 shares during the last quarter. Legato Capital Management LLC lifted its position in shares of Castellum by 9.6% during the 4th quarter. Legato Capital Management LLC now owns 680,945 shares of the company’s stock worth $615,000 after purchasing an additional 59,536 shares during the last quarter. Finally, Meridian Wealth Management LLC grew its stake in shares of Castellum by 8.8% during the fourth quarter. Meridian Wealth Management LLC now owns 745,150 shares of the company’s stock worth $673,000 after purchasing an additional 60,550 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

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.