Victory Capital Management Inc. Boosts Position in Constellium SE (NYSE:CSTM)

Victory Capital Management Inc. raised its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 15.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 947,430 shares of the industrial products company's stock after purchasing an additional 124,140 shares during the period. Victory Capital Management Inc. owned 0.65% of Constellium worth $9,730,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Mountaineer Partners Management LLC increased its holdings in Constellium by 1,683.0% during the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company's stock valued at $145,184,000 after buying an additional 8,428,150 shares during the period. Empowered Funds LLC bought a new position in shares of Constellium in the 4th quarter worth $5,856,000. FMR LLC lifted its stake in shares of Constellium by 3.4% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock worth $238,729,000 after purchasing an additional 484,011 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Constellium during the third quarter valued at about $7,223,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Constellium in the third quarter valued at about $6,248,000. Institutional investors own 92.59% of the company's stock.

Constellium Stock Up 0.7 %

CSTM stock traded up $0.09 on Monday, hitting $12.29. 987,787 shares of the company's stock were exchanged, compared to its average volume of 1,245,295. The firm has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $12.27. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.20. The stock has a market cap of $1.76 billion, a P/E ratio of 38.39 and a beta of 1.64.

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Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. As a group, equities research analysts expect that Constellium SE will post 1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Constellium currently has an average rating of "Moderate Buy" and an average price target of $20.25.

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.