Edgestream Partners L.P. Boosts Stock Holdings in Constellium SE (NYSE:CSTM)

Edgestream Partners L.P. lifted its holdings in Constellium SE (NYSE:CSTM - Free Report) by 439.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,366 shares of the industrial products company's stock after acquiring an additional 218,594 shares during the period. Edgestream Partners L.P. owned approximately 0.19% of Constellium worth $4,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC grew its holdings in Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock worth $28,000 after purchasing an additional 676 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Constellium by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company's stock valued at $794,000 after buying an additional 698 shares during the period. Signaturefd LLC increased its position in Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock valued at $127,000 after buying an additional 933 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Constellium by 4.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company's stock worth $407,000 after buying an additional 1,079 shares during the period. Finally, Highland Capital Management LLC boosted its holdings in Constellium by 10.1% in the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company's stock worth $219,000 after acquiring an additional 1,233 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Constellium Stock Up 0.1 %

Shares of NYSE CSTM traded up $0.01 during trading on Friday, hitting $12.26. The stock had a trading volume of 245,133 shares, compared to its average volume of 1,281,668. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The firm has a fifty day moving average of $13.29 and a two-hundred day moving average of $16.56. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20. The company has a market capitalization of $1.77 billion, a PE ratio of 16.57 and a beta of 1.65.

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