Handelsbanken Fonder AB Boosts Stock Position in Constellium SE (NYSE:CSTM)

Handelsbanken Fonder AB lifted its position in shares of Constellium SE (NYSE:CSTM) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the industrial products company’s stock after buying an additional 1,500 shares during the period. Handelsbanken Fonder AB’s holdings in Constellium were worth $175,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Mountaineer Partners Management LLC raised its stake in shares of Constellium by 1,683.0% during the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after acquiring an additional 8,428,150 shares in the last quarter. Empowered Funds LLC purchased a new position in Constellium in the 4th quarter worth $5,856,000. FMR LLC lifted its stake in Constellium by 3.4% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after purchasing an additional 484,011 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Constellium in the third quarter worth $7,223,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Constellium during the third quarter valued at about $6,248,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Constellium has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Constellium Trading Down 6.2 %

NYSE:CSTM opened at $10.67 on Tuesday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 33.34 and a beta of 1.68. 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 company has a fifty day moving average of $10.24 and a 200 day moving average of $12.61. Constellium SE has a 52 week low of $9.04 and a 52 week high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.47). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, research analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

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.