JPMorgan Chase & Co. Grows Position in Constellium SE (NYSE:CSTM)

JPMorgan Chase & Co. raised its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 781,953 shares of the industrial products company's stock after buying an additional 87,456 shares during the period. JPMorgan Chase & Co. owned about 0.53% of Constellium worth $8,031,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in shares of Constellium during the fourth quarter valued at approximately $31,000. Virtu Financial LLC bought a new stake in shares of Constellium during the 4th quarter valued at $106,000. Cibc World Markets Corp purchased a new stake in shares of Constellium in the 4th quarter worth about $124,000. Quantinno Capital Management LP increased its stake in shares of Constellium by 9.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company's stock worth $226,000 after acquiring an additional 1,162 shares in the last quarter. Finally, Summit Global Investments purchased a new position in Constellium during the 4th quarter valued at about $145,000. Institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Tuesday, February 25th.

Constellium Stock Up 0.6 %

Shares of NYSE:CSTM traded up $0.06 on Friday, hitting $8.59. 1,707,119 shares of the company traded hands, compared to its average volume of 1,351,240. The stock has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $11.06. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The company has a market cap of $1.23 billion, a PE ratio of 26.83 and a beta of 1.65. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). The company 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%. As a group, research analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

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.