Natixis Advisors LLC Sells 152,225 Shares of Constellium SE (NYSE:CSTM)

Natixis Advisors LLC trimmed its holdings in shares of Constellium SE (NYSE:CSTM) by 63.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,039 shares of the industrial products company’s stock after selling 152,225 shares during the quarter. Natixis Advisors LLC owned 0.06% of Constellium worth $1,399,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its stake in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after buying an additional 676 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Constellium by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 698 shares during the last quarter. Signaturefd LLC boosted its stake in shares of 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 during the period. Highland Capital Management LLC grew its holdings in Constellium by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Constellium by 29.9% in 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 during the period. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Down 0.6 %

Shares of NYSE CSTM opened at $12.47 on Wednesday. The stock has a 50 day moving average price of $13.64 and a 200 day moving average price of $16.76. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 16.78 and a beta of 1.65. Constellium SE has a 52-week low of $10.49 and a 52-week high of $23.20. 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 (NYSE:CSTM) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.38). The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. Constellium’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. Sell-side analysts expect that Constellium SE will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

CSTM has been the subject of several recent analyst reports. StockNews.com lowered Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

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.