State of Alaska Department of Revenue Invests $1.39 Million in Constellium SE (NYSE:CSTM)

State of Alaska Department of Revenue purchased a new stake in Constellium SE (NYSE:CSTM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 135,000 shares of the industrial products company’s stock, valued at approximately $1,386,000. State of Alaska Department of Revenue owned approximately 0.09% of Constellium as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSTM. Creative Planning lifted its holdings in shares of Constellium by 16.3% in the third quarter. Creative Planning now owns 62,368 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 8,755 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new position in Constellium during the third quarter valued at $192,000. nVerses Capital LLC purchased a new stake in Constellium in the 3rd quarter worth about $174,000. Net Worth Advisory Group acquired a new stake in Constellium during the 3rd quarter worth about $213,000. Finally, Blue Trust Inc. grew its stake in Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,753 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CSTM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Constellium has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Constellium Stock Down 0.6 %

Shares of CSTM stock opened at $9.40 on Thursday. The stock’s 50 day simple moving average is $10.44 and its 200 day simple moving average is $13.12. 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 SE has a twelve month low of $9.29 and a twelve month high of $23.20. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.70 and a beta of 1.68.

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.