HITE Hedge Asset Management LLC lessened its holdings in shares of Constellium SE (NYSE:CSTM – Get Rating) by 39.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 41,838 shares of the industrial products company's stock after selling 27,464 shares during the period. HITE Hedge Asset Management LLC's holdings in Constellium were worth $753,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exane Derivatives bought a new position in shares of Constellium in the first quarter valued at approximately $60,000. Advisor Group Holdings Inc. raised its position in shares of Constellium by 26.5% in 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 during the period. Covestor Ltd bought a new position in shares of Constellium in the first quarter valued at approximately $110,000. Prospera Financial Services Inc bought a new position in shares of Constellium in the first quarter valued at approximately $126,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Constellium in the first quarter valued at approximately $191,000. Institutional investors own 94.25% of the company's stock.
Get Constellium alerts:Constellium Trading Up 6.8 %
Shares of Constellium stock opened at $14.16 on Tuesday. The company's fifty day simple moving average is $13.82 and its 200-day simple moving average is $15.53. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 7.38 and a beta of 1.92. 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 SE has a 1 year low of $11.79 and a 1 year high of $20.88.
Constellium (NYSE:CSTM – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.04 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. The business's revenue was up 49.9% compared to the same quarter last year. As a group, sell-side analysts expect that Constellium SE will post 1.8 EPS for the current year.Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded 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 three have given a buy rating to the stock. Based on data from MarketBeat.com, Constellium currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.
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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