Constellium SE (NYSE:CSTM) Holdings Cut by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in shares of Constellium SE (NYSE:CSTM) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,158 shares of the industrial products company’s stock after selling 9,684 shares during the quarter. Private Advisor Group LLC’s holdings in Constellium were worth $412,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. FMR LLC boosted its position in shares of Constellium by 3.4% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after acquiring an additional 484,011 shares during the period. Mountaineer Partners Management LLC raised its stake in Constellium by 1,683.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after purchasing an additional 8,428,150 shares during the last quarter. Kailix Advisors LLC boosted its holdings in Constellium by 14.8% in the 3rd quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company’s stock valued at $26,998,000 after purchasing an additional 213,763 shares during the period. Principal Financial Group Inc. raised its position in shares of Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock valued at $22,693,000 after buying an additional 364,423 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Constellium by 15.6% during the third quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock valued at $13,387,000 after purchasing an additional 111,390 shares during the period. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Constellium Trading Down 4.5 %

Shares of CSTM stock opened at $10.20 on Wednesday. The firm has a 50 day moving average price of $10.24 and a two-hundred day moving average price of $12.57. 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 market capitalization of $1.50 billion, a PE ratio of 31.86 and a beta of 1.68. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.20.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. As a group, 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.