Charles Schwab Investment Management Inc. Sells 66,416 Shares of Constellium SE (NYSE:CSTM)

Charles Schwab Investment Management Inc. reduced its holdings in Constellium SE (NYSE:CSTM - Free Report) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,157,015 shares of the industrial products company's stock after selling 66,416 shares during the period. Charles Schwab Investment Management Inc. owned 0.80% of Constellium worth $18,813,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Constellium by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company's stock valued at $34,490,000 after acquiring an additional 145,604 shares during the period. CWM LLC boosted its stake in shares of Constellium by 81.1% during the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock worth $28,000 after acquiring an additional 676 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Constellium by 8.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company's stock valued at $63,339,000 after acquiring an additional 257,618 shares during the period. Legacy Capital Group California Inc. bought a new stake in Constellium in the 2nd quarter valued at $193,000. Finally, SummerHaven Investment Management LLC lifted its holdings in Constellium by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company's stock valued at $794,000 after purchasing an additional 698 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Constellium Price Performance

CSTM stock traded down $0.17 during midday trading on Friday, reaching $11.73. The company had a trading volume of 655,921 shares, compared to its average volume of 1,103,248. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 15.85 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a 1-year low of $10.49 and a 1-year high of $23.20. The stock has a 50 day moving average price of $12.87 and a 200-day moving average price of $16.25.

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

Constellium Company 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.