Cannell & Spears LLC reduced its holdings in Constellium SE (NYSE:CSTM - Free Report) by 96.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,882 shares of the industrial products company's stock after selling 3,136,020 shares during the quarter. Cannell & Spears LLC owned 0.09% of Constellium worth $1,344,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of CSTM. FMR LLC raised its stake in Constellium by 3.4% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock valued at $238,729,000 after purchasing an additional 484,011 shares in the last quarter. Mountaineer Partners Management LLC increased its holdings in shares of Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company's stock worth $145,184,000 after buying an additional 8,428,150 shares during the last quarter. Kailix Advisors LLC increased its holdings in shares of Constellium by 25.6% in the 4th quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company's stock worth $21,415,000 after buying an additional 424,779 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Constellium by 242.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock worth $15,636,000 after acquiring an additional 1,078,196 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Constellium by 35.3% in the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock worth $22,693,000 after acquiring an additional 364,423 shares in the last quarter. Institutional investors own 92.59% of the company's stock.
Constellium Trading Down 7.8 %
Shares of Constellium stock traded down $0.72 during trading on Friday, reaching $8.43. The company's stock had a trading volume of 2,381,824 shares, compared to its average volume of 1,302,959. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 26.33 and a beta of 1.64. The firm's 50-day moving average is $10.55 and its two-hundred day moving average is $11.70. Constellium SE has a 52-week low of $7.95 and a 52-week high of $22.91. 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 (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.47). The business 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%. On average, sell-side analysts anticipate that Constellium SE will post 1.1 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.25.
View Our Latest Stock Report on CSTM
Constellium Company Profile
(
Free Report)
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.
Further Reading
Before you consider Constellium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Constellium wasn't on the list.
While Constellium currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
