SG Americas Securities LLC Increases Stock Position in Constellium SE (NYSE:CSTM)

SG Americas Securities LLC increased its holdings in Constellium SE (NYSE:CSTM) by 41.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,521 shares of the industrial products company’s stock after acquiring an additional 17,515 shares during the quarter. SG Americas Securities LLC’s holdings in Constellium were worth $611,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CSTM. Rockingstone Advisors LLC raised its holdings in shares of Constellium by 48.1% in the fourth quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company’s stock valued at $2,577,000 after buying an additional 81,467 shares during the last quarter. Principal Financial Group Inc. increased its position in Constellium by 35.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock valued at $22,693,000 after acquiring an additional 364,423 shares during the period. Franklin Resources Inc. raised its stake in Constellium by 19.5% during the 3rd quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company’s stock valued at $2,661,000 after acquiring an additional 26,686 shares during the last quarter. Barclays PLC lifted its position in Constellium by 476.1% during the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock worth $5,473,000 after acquiring an additional 278,149 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Constellium in the 3rd quarter valued at approximately $3,589,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CSTM. JPMorgan Chase & Co. cut their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and reduced their target price for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. BMO Capital Markets dropped their price target 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. Finally, StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Constellium Stock Performance

NYSE:CSTM opened at $9.91 on Friday. The firm’s fifty day simple moving average is $10.92 and its 200-day simple moving average is $13.70. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The stock has a market cap of $1.45 billion, a PE ratio of 13.39 and a beta of 1.69. Constellium SE has a fifty-two week low of $9.85 and a fifty-two week high of $23.20.

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.