American Century Companies Inc. acquired a new stake in shares of Constellium SE (NYSE:CSTM – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 749,218 shares of the industrial products company's stock, valued at approximately $13,486,000. American Century Companies Inc. owned about 0.54% of Constellium as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in CSTM. Exane Derivatives acquired a new position in shares of Constellium during the 1st quarter valued at about $60,000. Advisor Group Holdings Inc. grew its holdings in Constellium by 26.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company's stock valued at $64,000 after buying an additional 757 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Constellium in the 4th quarter valued at approximately $76,000. Prospera Financial Services Inc acquired a new stake in Constellium in the 1st quarter valued at approximately $126,000. Finally, M&T Bank Corp grew its holdings in Constellium by 8.2% in the 1st quarter. M&T Bank Corp now owns 12,160 shares of the industrial products company's stock valued at $218,000 after buying an additional 921 shares during the last quarter. Institutional investors and hedge funds own 94.25% of the company's stock.
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Constellium Price Performance
Shares of NYSE:CSTM opened at $13.32 on Thursday. Constellium SE has a 1-year low of $11.79 and a 1-year high of $21.59. The firm has a market capitalization of $1.86 billion, a PE ratio of 6.94 and a beta of 1.90. The business's 50 day moving average is $13.85 and its 200-day moving average is $15.93. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 3.23.
Constellium (NYSE:CSTM – Get Rating) last posted its earnings results on Wednesday, July 27th. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.04 billion. Constellium had a return on equity of 72.41% and a net
margin of 3.41%. Constellium's revenue was up 49.9% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. Sell-side analysts predict that Constellium SE will post 1.8 earnings per share for the current year.
Analyst Ratings Changes
Separately, StockNews.com lowered Constellium from a "buy" rating to a "hold" rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.17.
About Constellium
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Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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