Handelsbanken Fonder AB decreased its holdings in shares of Constellium SE (NYSE:CSTM – Get Rating) by 21.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,400 shares of the industrial products company's stock after selling 6,500 shares during the period. Handelsbanken Fonder AB's holdings in Constellium were worth $439,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Exane Derivatives bought a new position in shares of Constellium during the first quarter valued at approximately $60,000. Advisor Group Holdings Inc. increased its stake in shares of Constellium by 26.5% during the first quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 757 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Constellium during the fourth quarter valued at approximately $76,000. Prospera Financial Services Inc bought a new position in shares of Constellium during the first quarter valued at approximately $126,000. Finally, M&T Bank Corp increased its stake in shares of Constellium by 8.2% during the first quarter. M&T Bank Corp now owns 12,160 shares of the industrial products company's stock valued at $218,000 after purchasing an additional 921 shares in the last quarter. Institutional investors own 94.25% of the company's stock.
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Constellium Price Performance
Shares of CSTM opened at $13.02 on Friday. The company has a market capitalization of $1.82 billion, a P/E ratio of 6.78 and a beta of 1.90. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 3.23. The firm has a 50 day moving average of $13.87 and a 200 day moving average of $15.89. Constellium SE has a twelve month low of $11.79 and a twelve month high of $21.59.
Constellium (NYSE:CSTM – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.12. Constellium had a net
margin of 3.41% and a return on equity of 72.41%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The firm's quarterly revenue was up 49.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Constellium SE will post 1.8 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Constellium from a "buy" rating to a "hold" rating in a research note on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Constellium has a consensus rating of "Moderate Buy" and a consensus target price 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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