Barclays PLC Buys 278,149 Shares of Constellium SE (NYSE:CSTM)

Barclays PLC lifted its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 476.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 336,569 shares of the industrial products company's stock after purchasing an additional 278,149 shares during the period. Barclays PLC owned 0.23% of Constellium worth $5,473,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its position in Constellium by 81.1% during the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 676 shares during the period. Blue Trust Inc. raised its stake in Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock worth $32,000 after buying an additional 1,753 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Constellium in the second quarter valued at $85,000. Quarry LP boosted its position in Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Constellium by 16.0% during the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock worth $127,000 after acquiring an additional 933 shares during the period. Institutional investors own 92.59% of the company's stock.

Constellium Stock Performance

NYSE:CSTM traded up $0.20 during trading hours on Friday, reaching $10.31. The stock had a trading volume of 1,973,445 shares, compared to its average volume of 1,108,153. Constellium SE has a 12-month low of $9.98 and a 12-month high of $23.20. 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 50 day simple moving average of $12.03 and a 200 day simple moving average of $15.56. The stock has a market cap of $1.49 billion, a P/E ratio of 13.93 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.38). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The company's revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, research analysts forecast that Constellium SE will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on CSTM shares. StockNews.com lowered Constellium from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their price objective on shares of Constellium from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a "buy" rating to a "hold" rating and dropped their target price for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, BMO Capital Markets reduced their price target on shares of Constellium from $22.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.00.

Constellium Profile

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.