Rockingstone Advisors LLC Has $2.76 Million Stock Holdings in Constellium SE (NYSE:CSTM)

Rockingstone Advisors LLC boosted its position in Constellium SE (NYSE:CSTM) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,450 shares of the industrial products company’s stock after buying an additional 1,865 shares during the period. Constellium makes up approximately 1.4% of Rockingstone Advisors LLC’s portfolio, making the stock its 27th biggest position. Rockingstone Advisors LLC owned approximately 0.12% of Constellium worth $2,755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in Constellium by 81.1% in the 2nd 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. Point72 DIFC Ltd bought a new stake in Constellium during the 2nd quarter worth approximately $85,000. Quarry LP increased its holdings in Constellium by 290.0% during the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 3,735 shares in the last quarter. Signaturefd LLC increased its holdings in Constellium by 16.0% during the 2nd 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. Finally, Advisors Asset Management Inc. increased its holdings in Constellium by 29.9% during the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 1,625 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Price Performance

Shares of NYSE CSTM opened at $14.49 on Wednesday. Constellium SE has a twelve month low of $14.12 and a twelve month high of $23.20. The stock’s 50 day moving average price is $16.17 and its 200-day moving average price is $18.83. The company has a market capitalization of $2.09 billion, a PE ratio of 16.10 and a beta of 1.59. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89.

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

Analyst Upgrades and Downgrades

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

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.