Constellium SE (NYSE:CSTM) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in Constellium SE (NYSE:CSTM) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 759,535 shares of the industrial products company’s stock after selling 16,733 shares during the quarter. Sei Investments Co. owned 0.52% of Constellium worth $7,800,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mountaineer Partners Management LLC boosted its stake in Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after purchasing an additional 8,428,150 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Constellium by 242.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock worth $15,636,000 after buying an additional 1,078,196 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Constellium during the fourth quarter worth $5,856,000. FMR LLC lifted its stake in shares of Constellium by 3.4% during the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after buying an additional 484,011 shares during the period. Finally, Kailix Advisors LLC grew its holdings in shares of Constellium by 25.6% during the fourth quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company’s stock valued at $21,415,000 after buying an additional 424,779 shares during the last quarter. Hedge funds and other 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 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.25.

Constellium Stock Down 5.3 %

CSTM stock opened at $10.30 on Monday. The company has a market capitalization of $1.48 billion, a P/E ratio of 32.17 and a beta of 1.64. Constellium SE has a 12 month low of $9.04 and a 12 month high of $23.20. The firm’s fifty day simple moving average is $10.63 and its 200-day simple moving average is $11.92. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.

Constellium (NYSE:CSTM) last announced its quarterly 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). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. As a group, equities research analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Constellium Company 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.