JPMorgan Chase & Co. Sells 160,752 Shares of Constellium SE (NYSE:CSTM)

JPMorgan Chase & Co. decreased its position in shares of Constellium SE (NYSE:CSTM) by 18.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 694,497 shares of the industrial products company’s stock after selling 160,752 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.48% of Constellium worth $11,293,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CSTM. Blue Trust Inc. increased its position in shares of Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 1,753 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Constellium during the second quarter worth approximately $85,000. Quarry LP grew its holdings in Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after buying an additional 3,735 shares in the last quarter. Signaturefd LLC boosted its holdings in Constellium by 41.5% in the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,805 shares during the period. Finally, Ballentine Partners LLC acquired a new position in shares of Constellium during the 3rd quarter worth approximately $168,000. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Down 3.9 %

CSTM opened at $10.35 on Monday. Constellium SE has a 12 month low of $9.95 and a 12 month high of $23.20. The company has a 50 day moving average of $11.28 and a 200 day moving average of $14.46. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The company has a market cap of $1.49 billion, a PE ratio of 13.99 and a beta of 1.69.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. Constellium’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. On average, sell-side analysts expect that Constellium SE will post 0.71 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on CSTM shares. BMO Capital Markets decreased their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.