ProShare Advisors LLC decreased its position in shares of Constellium SE (NYSE:CSTM – Get Rating) by 14.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,322 shares of the industrial products company's stock after selling 3,854 shares during the quarter. ProShare Advisors LLC's holdings in Constellium were worth $420,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CSTM. Envestnet Asset Management Inc. boosted its holdings in shares of Constellium by 29.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,592 shares of the industrial products company's stock valued at $261,000 after acquiring an additional 3,278 shares during the period. AlphaCrest Capital Management LLC raised its stake in shares of Constellium by 56.4% during the fourth quarter. AlphaCrest Capital Management LLC now owns 28,935 shares of the industrial products company's stock valued at $518,000 after purchasing an additional 10,435 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Constellium during the fourth quarter valued at about $42,733,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Constellium during the fourth quarter valued at about $76,000. Finally, TD Asset Management Inc. raised its stake in shares of Constellium by 104.6% during the fourth quarter. TD Asset Management Inc. now owns 297,868 shares of the industrial products company's stock valued at $5,335,000 after purchasing an additional 152,307 shares in 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 Constellium stock opened at $12.93 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 3.23. The company's 50-day moving average price is $13.87 and its two-hundred day moving average price is $15.89. Constellium SE has a 52 week low of $11.79 and a 52 week high of $21.32. The stock has a market cap of $1.81 billion, a PE ratio of 6.73 and a beta of 1.90.
Constellium (NYSE:CSTM – Get Rating) last issued its quarterly 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. Constellium had a net
margin of 3.41% and a return on equity of 72.41%. The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the previous year, the business earned $0.88 earnings per share. Constellium's revenue for the quarter was up 49.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellium SE will post 1.8 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Constellium from a "buy" rating to a "hold" rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Constellium has a consensus rating of "Moderate Buy" and an average target price of $24.17.
Constellium Profile
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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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