Public Employees Retirement System of Ohio Invests $3.59 Million in Constellium SE (NYSE:CSTM)

Public Employees Retirement System of Ohio acquired a new position in shares of Constellium SE (NYSE:CSTM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 220,699 shares of the industrial products company's stock, valued at approximately $3,589,000. Public Employees Retirement System of Ohio owned approximately 0.15% of Constellium at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC increased its stake in Constellium by 81.1% during the 2nd 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 period. Blue Trust Inc. increased its position in shares of Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock worth $32,000 after acquiring an additional 1,753 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Constellium in the second quarter worth about $85,000. Quarry LP lifted 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 worth $95,000 after acquiring an additional 3,735 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock valued at $127,000 after purchasing an additional 933 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Constellium Stock Performance

Constellium stock traded down $0.15 during mid-day trading on Monday, reaching $11.01. The company's stock had a trading volume of 1,258,360 shares, compared to its average volume of 1,105,058. 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 SE has a twelve month low of $10.49 and a twelve month high of $23.20. The business has a 50 day moving average price of $12.36 and a 200-day moving average price of $15.79. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 14.88 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The company's quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Sell-side analysts predict that Constellium SE will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CSTM shares. StockNews.com lowered Constellium from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on shares of Constellium from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded shares of 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. Finally, BMO Capital Markets cut their target price 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

About Constellium

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.