Natixis Advisors LLC trimmed its position in Constellium SE (NYSE:CSTM - Free Report) by 63.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,039 shares of the industrial products company's stock after selling 152,225 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Constellium worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. CWM LLC lifted its holdings in shares of Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock worth $28,000 after buying an additional 676 shares during the last quarter. Blue Trust Inc. boosted its holdings in Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 1,753 shares during the period. Point72 DIFC Ltd acquired a new stake in Constellium in the 2nd quarter worth $85,000. Quarry LP increased its holdings in shares of Constellium by 290.0% during the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company's stock worth $95,000 after purchasing an additional 3,735 shares during the period. Finally, Signaturefd LLC raised its position in shares of Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock valued at $127,000 after buying an additional 933 shares during the last quarter. 92.59% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Constellium from $22.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective 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 reduced their target price for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, StockNews.com cut shares of Constellium from a "buy" rating to a "hold" rating 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 data from MarketBeat.com, Constellium currently has an average rating of "Moderate Buy" and an average target price of $21.00.
Check Out Our Latest Analysis on CSTM
Constellium Price Performance
Shares of CSTM stock traded down $0.24 during trading hours on Wednesday, reaching $12.24. 805,988 shares of the company were exchanged, compared to its average volume of 1,112,979. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 16.47 and a beta of 1.65. Constellium SE has a fifty-two week low of $10.49 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The stock's fifty day moving average is $13.55 and its two-hundred day moving average is $16.70.
Constellium (NYSE:CSTM - Get Free Report) last released its 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). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm posted $0.47 EPS. Constellium's revenue was down 4.7% on a year-over-year basis. Sell-side analysts forecast that Constellium SE will post 0.71 earnings per share for the current fiscal year.
Constellium Profile
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Free Report)
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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