Constellium SE (NYSE:CSTM) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Constellium SE (NYSE:CSTM - Free Report) by 15.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 823,290 shares of the industrial products company's stock after buying an additional 111,390 shares during the quarter. Victory Capital Management Inc. owned approximately 0.57% of Constellium worth $13,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in shares of Constellium during the 3rd quarter worth approximately $684,000. Entropy Technologies LP grew its position in Constellium by 43.3% in the third quarter. Entropy Technologies LP now owns 40,927 shares of the industrial products company's stock worth $665,000 after acquiring an additional 12,369 shares during the period. Kailix Advisors LLC increased its stake in Constellium by 14.8% during the third quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company's stock worth $26,998,000 after acquiring an additional 213,763 shares during the last quarter. Principal Financial Group Inc. raised 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 valued at $22,693,000 after purchasing an additional 364,423 shares during the period. Finally, Gladstone Institutional Advisory LLC lifted its stake in shares of Constellium by 14.8% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 24,835 shares of the industrial products company's stock valued at $404,000 after purchasing an additional 3,201 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Price Performance

Shares of CSTM opened at $11.66 on Thursday. 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 SE has a fifty-two week low of $10.49 and a fifty-two week high of $23.20. The company has a market cap of $1.68 billion, a P/E ratio of 15.76 and a beta of 1.65. The firm's 50 day moving average price is $13.89 and its 200 day moving average price is $16.95.

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 the consensus estimate of $0.40 by ($0.38). Constellium had a net margin of 1.47% and a return on equity of 10.83%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $0.47 earnings per share. The firm's revenue was down 4.7% on a year-over-year basis. On average, research analysts forecast that Constellium SE will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.