Constellium SE (NYSE:CSTM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in Constellium SE (NYSE:CSTM - Free Report) by 18.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 694,497 shares of the industrial products company's stock after selling 160,752 shares during the period. JPMorgan Chase & Co. owned 0.48% of Constellium worth $11,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock worth $22,693,000 after purchasing an additional 364,423 shares during the last quarter. Franklin Resources Inc. raised its holdings in Constellium by 19.5% during the third quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company's stock worth $2,661,000 after purchasing an additional 26,686 shares in the last quarter. Barclays PLC lifted its position in shares of Constellium by 476.1% during the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock worth $5,473,000 after buying an additional 278,149 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Constellium in the 3rd quarter valued at $3,589,000. Finally, Whitebox Advisors LLC grew its position in shares of Constellium by 40.1% in the 3rd quarter. Whitebox Advisors LLC now owns 447,284 shares of the industrial products company's stock valued at $7,273,000 after buying an additional 127,923 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 $10.35 on Monday. The firm has a market cap of $1.49 billion, a P/E ratio of 13.99 and a beta of 1.69. Constellium SE has a 52-week low of $9.95 and a 52-week high of $23.20. The business's 50-day moving average price is $11.28 and its 200 day moving average price is $14.46. 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 (NYSE:CSTM - Get Free Report) last announced its earnings results 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). 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 analysts' expectations of $1.80 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that Constellium SE will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

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