Cohen & Steers Inc. Invests $2.01 Million in Constellium SE (NYSE:CSTM)

Cohen & Steers Inc. bought a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 195,867 shares of the industrial products company's stock, valued at approximately $2,012,000. Cohen & Steers Inc. owned approximately 0.13% of Constellium at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Geneos Wealth Management Inc. purchased a new stake in Constellium during the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new position in Constellium during the 4th quarter valued at $70,000. Quadrant Capital Group LLC increased its position in shares of Constellium by 25.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock worth $82,000 after purchasing an additional 1,645 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Constellium in the 4th quarter valued at about $106,000. Finally, Cibc World Markets Corp bought a new position in shares of Constellium during the fourth quarter worth about $124,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Constellium has a consensus rating of "Moderate Buy" and an average price target of $20.25.

Constellium Stock Performance

NYSE CSTM traded up $0.06 on Friday, hitting $8.59. The stock had a trading volume of 1,707,119 shares, compared to its average volume of 1,349,225. The company's 50-day moving average is $10.20 and its two-hundred day moving average is $11.10. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 26.83 and a beta of 1.65. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium SE has a one year low of $7.33 and a one year high of $22.00.

Constellium (NYSE:CSTM - Get Free Report) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. On average, analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.