Rhumbline Advisers Sells 5,675 Shares of Constellium SE (NYSE:CSTM)

Rhumbline Advisers lowered its holdings in Constellium SE (NYSE:CSTM) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,078 shares of the industrial products company’s stock after selling 5,675 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Constellium worth $1,757,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CSTM. Advisors Asset Management Inc. increased its holdings in Constellium by 4.5% during the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock valued at $407,000 after buying an additional 1,079 shares during the period. Quantinno Capital Management LP boosted its position in Constellium by 9.1% during the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 1,162 shares in the last quarter. Quarry LP increased its holdings in shares of Constellium by 45.3% in the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 2,273 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Constellium in the 4th quarter worth $31,000. Finally, Gladstone Institutional Advisory LLC lifted its stake in shares of Constellium by 14.8% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 24,835 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 3,201 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

NYSE CSTM opened at $10.20 on Wednesday. The firm’s fifty day simple moving average is $10.24 and its two-hundred day simple moving average is $12.57. The firm has a market capitalization of $1.50 billion, a P/E ratio of 31.86 and a beta of 1.68. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.20.

Constellium (NYSE:CSTM) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.