Massachusetts Financial Services Co. MA Buys 75,221 Shares of Constellium SE (NYSE:CSTM)

Massachusetts Financial Services Co. MA boosted its holdings in Constellium SE (NYSE:CSTM - Free Report) by 218.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,643 shares of the industrial products company's stock after purchasing an additional 75,221 shares during the period. Massachusetts Financial Services Co. MA owned about 0.08% of Constellium worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSTM. CWM LLC grew its holdings in shares of Constellium by 81.1% in the 2nd 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 in the last quarter. Blue Trust Inc. increased its position in shares of Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock worth $32,000 after purchasing an additional 1,753 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Constellium in the 2nd quarter valued at approximately $85,000. Quarry LP grew its stake in shares of Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company's stock valued at $95,000 after buying an additional 3,735 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock worth $127,000 after buying an additional 933 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Performance

Constellium stock traded down $0.23 during trading hours on Thursday, hitting $12.25. The company had a trading volume of 805,988 shares, compared to its average volume of 1,112,979. Constellium SE has a one year low of $10.49 and a one year high of $23.20. The firm has a market cap of $1.77 billion, a PE ratio of 16.54 and a beta of 1.65. The firm has a 50-day moving average of $13.55 and a 200 day moving average of $16.70. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly 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). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. On average, sell-side analysts expect that Constellium SE will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSTM. BMO Capital Markets decreased their price objective 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. JPMorgan Chase & Co. lowered their price target on Constellium from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut Constellium from a "buy" rating to a "hold" rating and cut their price objective for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, StockNews.com lowered Constellium from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.