Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Constellium SE (NYSE:CSTM)

Connor Clark & Lunn Investment Management Ltd. grew its position in Constellium SE (NYSE:CSTM) by 86.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,338 shares of the industrial products company’s stock after purchasing an additional 11,738 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Constellium were worth $260,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CSTM. Advisors Asset Management Inc. grew its stake in Constellium by 4.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock worth $407,000 after buying an additional 1,079 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Constellium by 9.1% during the third quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock worth $226,000 after acquiring an additional 1,162 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,500 shares during the last quarter. Quarry LP increased its holdings in shares of Constellium by 45.3% during the third 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 in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Constellium in the 4th quarter valued at approximately $31,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Constellium Trading Down 3.5 %

Constellium stock opened at $11.35 on Monday. The stock has a 50-day moving average price of $10.60 and a 200 day moving average price of $12.10. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 35.46 and a beta of 1.64. Constellium SE has a 52 week low of $9.04 and a 52 week high of $23.20. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last announced 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 business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. Sell-side analysts anticipate that Constellium SE will post 1.1 EPS for the current year.

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.