Jennison Associates LLC Has $82.10 Million Stock Holdings in Constellium SE (NYSE:CSTM)

Jennison Associates LLC lowered its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,049,383 shares of the industrial products company's stock after selling 133,920 shares during the quarter. Jennison Associates LLC owned approximately 3.50% of Constellium worth $82,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 676 shares during the last quarter. SummerHaven Investment Management LLC raised its position in 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 purchasing an additional 698 shares during the last quarter. Signaturefd LLC boosted its stake in Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock worth $127,000 after purchasing an additional 933 shares in the last quarter. Highland Capital Management LLC boosted its stake 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 purchasing an additional 1,233 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Constellium by 29.9% during the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company's stock worth $156,000 after purchasing an additional 1,625 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Performance

NYSE CSTM opened at $11.66 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The firm's fifty day moving average price is $13.89 and its two-hundred day moving average price is $16.95. Constellium SE has a 1 year low of $10.49 and a 1 year high of $23.20. The firm has a market capitalization of $1.68 billion, a P/E ratio of 15.76 and a beta of 1.65.

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

Analyst Ratings Changes

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

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.

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