Virtu Financial LLC Makes New $106,000 Investment in Constellium SE (NYSE:CSTM)

Virtu Financial LLC purchased a new stake in Constellium SE (NYSE:CSTM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,284 shares of the industrial products company’s stock, valued at approximately $106,000.

A number of other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. increased its position in Constellium by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock valued at $9,730,000 after buying an additional 124,140 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Constellium during the third quarter worth about $1,372,000. State of Alaska Department of Revenue purchased a new stake in shares of Constellium during the fourth quarter worth about $1,386,000. Barclays PLC increased its holdings in shares of Constellium by 476.1% during the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock valued at $5,473,000 after acquiring an additional 278,149 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Constellium by 41.7% in the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 17,515 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Constellium Trading Down 5.3 %

Constellium stock opened at $10.30 on Monday. The stock has a 50-day moving average price of $10.63 and a 200 day moving average price of $11.92. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 32.17 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 released 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). 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 analysts’ expectations of $1.69 billion. 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.