Verition Fund Management LLC increased its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 102.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,902 shares of the industrial products company's stock after purchasing an additional 80,552 shares during the period. Verition Fund Management LLC owned 0.11% of Constellium worth $2,584,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CSTM. FMR LLC grew its position in shares of Constellium by 3.4% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock worth $238,729,000 after buying an additional 484,011 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Constellium by 47.7% in the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company's stock worth $77,877,000 after purchasing an additional 1,334,550 shares during the last quarter. Rubric Capital Management LP increased its position in shares of Constellium by 0.9% during the second quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company's stock worth $69,046,000 after purchasing an additional 32,548 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Constellium by 8.3% during 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 purchasing an additional 257,618 shares during the last quarter. Finally, Highland Peak Capital LLC boosted its position in shares of Constellium by 14.1% in the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company's stock worth $35,860,000 after purchasing an additional 234,756 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. BMO Capital Markets reduced their target price on Constellium from $22.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a "buy" rating to a "hold" rating and lowered their target price for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on shares of Constellium from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com cut shares of Constellium from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Two research 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.
Check Out Our Latest Stock Report on Constellium
Constellium Stock Performance
CSTM traded down $0.34 during trading on Thursday, reaching $11.86. 412,627 shares of the company's stock were exchanged, compared to its average volume of 1,105,522. The company's fifty day simple moving average is $13.06 and its 200-day simple moving average is $16.39. The stock has a market capitalization of $1.71 billion, a P/E ratio of 16.48 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.
Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results 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 business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, research analysts predict that Constellium SE will post 0.71 earnings per share for the current fiscal year.
Constellium Profile
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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.
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