Bank of New York Mellon Corp Trims Position in Constellium SE (NYSE:CSTM)

Bank of New York Mellon Corp trimmed its holdings in Constellium SE (NYSE:CSTM - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 468,614 shares of the industrial products company's stock after selling 22,310 shares during the quarter. Bank of New York Mellon Corp owned about 0.32% of Constellium worth $4,813,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in shares of Constellium by 15.6% during the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company's stock valued at $13,387,000 after acquiring an additional 111,390 shares during the last quarter. Maverick Capital Ltd. bought a new position in Constellium during the third quarter valued at approximately $1,372,000. State of Alaska Department of Revenue purchased a new stake in Constellium in the fourth quarter worth approximately $1,386,000. Barclays PLC grew its position in Constellium by 476.1% in the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock worth $5,473,000 after purchasing an additional 278,149 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new stake in Constellium during the 3rd quarter valued at $7,223,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Constellium presently has a consensus rating of "Moderate Buy" and an average price target of $20.25.

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Constellium Stock Performance

Shares of Constellium stock traded down $0.41 on Friday, hitting $11.35. 1,273,737 shares of the company's stock were exchanged, compared to its average volume of 1,251,501. Constellium SE has a 1 year low of $9.04 and a 1 year high of $23.20. The company has a 50-day simple moving average of $10.58 and a 200-day simple moving average of $12.20. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock has a market capitalization of $1.63 billion, a PE ratio of 35.46 and a beta of 1.64.

Constellium (NYSE:CSTM - Get Free Report) last released 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). The company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. As a group, equities analysts anticipate that Constellium SE will post 1.1 EPS 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.