Kailix Advisors LLC Has $27 Million Stake in Constellium SE (NYSE:CSTM)

Kailix Advisors LLC lifted its stake in Constellium SE (NYSE:CSTM - Free Report) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,660,408 shares of the industrial products company's stock after acquiring an additional 213,763 shares during the period. Constellium accounts for approximately 22.8% of Kailix Advisors LLC's holdings, making the stock its 2nd biggest position. Kailix Advisors LLC owned approximately 1.15% of Constellium worth $26,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CSTM. Westwood Holdings Group Inc. raised its position in shares of Constellium by 12,970.1% during the first quarter. Westwood Holdings Group Inc. now owns 2,796,868 shares of the industrial products company's stock worth $61,839,000 after purchasing an additional 2,775,469 shares during the period. 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 valued at $22,693,000 after buying an additional 364,423 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Constellium by 29.9% in the second quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company's stock worth $22,127,000 after buying an additional 270,475 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of Constellium by 8.3% in the second 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 in the last quarter. Finally, Highland Peak Capital LLC lifted its position in shares of Constellium by 14.1% in the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company's stock valued at $35,860,000 after acquiring an additional 234,756 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Up 0.1 %

NYSE CSTM traded up $0.01 during trading on Friday, hitting $11.96. 1,141,978 shares of the company traded hands, compared to its average volume of 2,416,734. The company has a market capitalization of $1.73 billion, a P/E ratio of 16.16 and a beta of 1.65. The business has a fifty day simple moving average of $14.63 and a 200 day simple moving average of $17.43. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.38). The firm 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%. The company's revenue for the quarter 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, sell-side analysts predict that Constellium SE will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Constellium from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. 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 dropped 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. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a "buy" rating to a "hold" rating and decreased their target price for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.