Private Advisor Group LLC lessened its stake in Constellium SE (NYSE:CSTM – Get Rating) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,191 shares of the industrial products company's stock after selling 10,580 shares during the period. Private Advisor Group LLC owned approximately 0.07% of Constellium worth $1,767,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of Constellium in the 4th quarter worth about $71,144,000. Bank of New York Mellon Corp grew its position in shares of Constellium by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 3,370,364 shares of the industrial products company's stock worth $60,665,000 after buying an additional 33,213 shares during the period. Summit Partners Public Asset Management LLC grew its position in shares of Constellium by 16.0% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 2,870,743 shares of the industrial products company's stock worth $51,415,000 after buying an additional 395,982 shares during the period. Samlyn Capital LLC grew its position in shares of Constellium by 7.7% in the 4th quarter. Samlyn Capital LLC now owns 2,455,764 shares of the industrial products company's stock worth $43,982,000 after buying an additional 175,479 shares during the period. Finally, Lancaster Investment Management grew its position in shares of Constellium by 2.7% in the 1st quarter. Lancaster Investment Management now owns 2,449,144 shares of the industrial products company's stock worth $44,085,000 after buying an additional 65,305 shares during the period. 94.25% of the stock is currently owned by institutional investors.
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Constellium Price Performance
CSTM opened at $12.93 on Friday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.57 and a current ratio of 1.21. The stock has a market capitalization of $1.81 billion, a P/E ratio of 6.73 and a beta of 1.90. The company's 50-day simple moving average is $13.87 and its two-hundred day simple moving average is $15.89. Constellium SE has a 52-week low of $11.79 and a 52-week high of $21.32.
Constellium (NYSE:CSTM – Get Rating) last posted its earnings results on Wednesday, July 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.04 billion. Constellium had a net
margin of 3.41% and a return on equity of 72.41%. The business's revenue for the quarter was up 49.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, analysts predict that Constellium SE will post 1.8 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Constellium from a "buy" rating to a "hold" rating in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Constellium currently has a consensus rating of "Moderate Buy" and an average price target of $24.17.
Constellium Company 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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