Marshall Wace LLP Invests $668,000 in Constellium SE (NYSE:CSTM)

Marshall Wace LLP bought a new stake in Constellium SE (NYSE:CSTM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 35,439 shares of the industrial products company’s stock, valued at approximately $668,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSTM. CWM LLC grew its stake in shares of Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after buying an additional 676 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Constellium by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock worth $794,000 after purchasing an additional 698 shares during the period. Signaturefd LLC lifted 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 worth $127,000 after purchasing an additional 933 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Constellium by 29.9% in the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 1,625 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of Constellium by 7.6% in the first quarter. ProShare Advisors LLC now owns 25,680 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 1,822 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on Constellium from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Constellium presently has a consensus rating of “Buy” and an average price target of $24.60.

Constellium Trading Down 2.6 %

NYSE CSTM opened at $14.49 on Wednesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The firm’s fifty day moving average is $16.17 and its two-hundred day moving average is $18.83. Constellium SE has a one year low of $14.12 and a one year high of $23.20. The firm has a market cap of $2.09 billion, a PE ratio of 16.10 and a beta of 1.59.

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

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.