Hotchkis & Wiley Capital Management LLC Makes New $6.25 Million Investment in Constellium SE (NYSE:CSTM)

Hotchkis & Wiley Capital Management LLC bought a new position in shares of Constellium SE (NYSE:CSTM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 384,250 shares of the industrial products company's stock, valued at approximately $6,248,000. Hotchkis & Wiley Capital Management LLC owned 0.27% of Constellium at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSTM. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of 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 worth $63,339,000 after acquiring an additional 257,618 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Constellium by 15.6% during the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company's stock valued at $13,387,000 after purchasing an additional 111,390 shares during the last quarter. Vanguard Group Inc. lifted its stake in Constellium by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company's stock worth $34,490,000 after acquiring an additional 145,604 shares during the period. Point72 Asset Management L.P. acquired a new stake in Constellium during the 2nd quarter worth about $3,567,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Constellium during the third quarter worth about $683,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

CSTM has been the subject of several research analyst reports. BMO Capital Markets dropped their price target on shares of Constellium from $22.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. StockNews.com cut Constellium from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on Constellium from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a "buy" rating to a "hold" rating and reduced their price objective for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Constellium Stock Performance

NYSE:CSTM traded down $0.18 during mid-day trading on Friday, reaching $11.72. 655,921 shares of the company's stock were exchanged, compared to its average volume of 1,106,309. The business's fifty day simple moving average is $12.97 and its two-hundred day simple moving average is $16.36. Constellium SE has a one year low of $10.49 and a one year high of $23.20. The firm has a market capitalization of $1.69 billion, a PE ratio of 16.08 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

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