Constellium SE (NYSE:CSTM) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC cut its position in Constellium SE (NYSE:CSTM) by 96.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,275 shares of the industrial products company’s stock after selling 189,759 shares during the quarter. Acadian Asset Management LLC’s holdings in Constellium were worth $137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC increased 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 valued at $28,000 after purchasing an additional 676 shares during the period. Signaturefd LLC lifted its holdings in shares of 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 buying an additional 933 shares during the period. Advisors Asset Management Inc. boosted its stake in Constellium by 29.9% during the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after buying an additional 1,625 shares in the last quarter. Legacy Capital Group California Inc. acquired a new position in Constellium during the second quarter worth about $193,000. Finally, Contravisory Investment Management Inc. bought a new stake in Constellium in the second quarter worth about $195,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CSTM shares. JPMorgan Chase & Co. lowered their price objective on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. BMO Capital Markets reduced their price objective on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Constellium has a consensus rating of “Buy” and an average price target of $25.00.

Constellium Trading Down 3.2 %

NYSE CSTM opened at $16.23 on Friday. The firm’s 50 day moving average price is $16.76 and its two-hundred day moving average price is $19.23. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. Constellium SE has a twelve month low of $14.12 and a twelve month high of $23.20. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 18.62 and a beta of 1.60.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. Constellium’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts anticipate that Constellium SE will post 1.6 EPS for the current year.

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.