Rockingstone Advisors LLC Grows Stake in Constellium SE (NYSE:CSTM)

Rockingstone Advisors LLC increased its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 48.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,917 shares of the industrial products company's stock after purchasing an additional 81,467 shares during the quarter. Rockingstone Advisors LLC owned approximately 0.17% of Constellium worth $2,577,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Choreo LLC bought a new stake in Constellium in the 2nd quarter valued at $245,000. Massachusetts Financial Services Co. MA increased its position in Constellium by 10.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 34,422 shares of the industrial products company's stock worth $649,000 after buying an additional 3,163 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Constellium in the second quarter valued at approximately $938,000. Denali Advisors LLC grew its stake in Constellium by 19,681.5% during the second quarter. Denali Advisors LLC now owns 24,529 shares of the industrial products company's stock worth $462,000 after buying an additional 24,405 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Constellium in the 2nd quarter valued at $203,000. Institutional investors own 92.59% of the company's stock.

Constellium Price Performance

Shares of Constellium stock traded up $0.10 during trading on Thursday, hitting $10.95. 1,516,614 shares of the company's stock traded hands, compared to its average volume of 1,216,361. Constellium SE has a 1 year low of $9.95 and a 1 year high of $23.20. The business has a 50-day simple moving average of $11.22 and a 200-day simple moving average of $14.31. 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 announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Constellium's quarterly revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Constellium SE will post 0.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSTM has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Constellium from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, October 11th. BMO Capital Markets decreased their target price on Constellium from $22.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a "buy" rating to a "hold" rating and cut their target price for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Constellium from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Constellium presently has an average rating of "Moderate Buy" and an average target price 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.