Constellium SE (NYSE:CSTM) Shares Sold by Covestor Ltd

Covestor Ltd lessened its holdings in shares of Constellium SE (NYSE:CSTM) by 34.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,620 shares of the industrial products company’s stock after selling 2,898 shares during the period. Covestor Ltd’s holdings in Constellium were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in 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 acquiring an additional 364,423 shares in the last quarter. Gladstone Institutional Advisory LLC increased its holdings 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 valued at $404,000 after purchasing an additional 3,201 shares in the last quarter. abrdn plc lifted its stake in shares of Constellium by 5.7% in the 3rd quarter. abrdn plc now owns 184,849 shares of the industrial products company’s stock valued at $3,006,000 after purchasing an additional 10,009 shares during the period. Highland Capital Management LLC lifted its stake in shares of Constellium by 10.1% in the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 1,233 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in Constellium during the third quarter worth $168,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CSTM shares. BMO Capital Markets decreased their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Constellium presently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Stock Down 0.9 %

CSTM opened at $11.68 on Thursday. The company has a market cap of $1.69 billion, a PE ratio of 15.78 and a beta of 1.65. Constellium SE has a twelve month low of $10.49 and a twelve month high of $23.20. The company has a 50-day moving average price of $14.37 and a 200 day moving average price of $17.25. 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 earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. Constellium’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. Sell-side analysts expect that Constellium SE will post 0.71 earnings per share for the current fiscal 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.