Cohen & Steers Inc. Acquires New Position in Constellium SE (NYSE:CSTM)

Cohen & Steers Inc. acquired a new stake in Constellium SE (NYSE:CSTM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 195,867 shares of the industrial products company's stock, valued at approximately $2,012,000. Cohen & Steers Inc. owned 0.13% of Constellium as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in CSTM. Geneos Wealth Management Inc. bought a new position in shares of Constellium in the fourth quarter worth $31,000. New Age Alpha Advisors LLC bought a new position in Constellium in the 4th quarter worth about $70,000. Quadrant Capital Group LLC grew its holdings in Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock valued at $82,000 after buying an additional 1,645 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Constellium during the fourth quarter valued at about $106,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Constellium in the fourth quarter worth about $124,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

NYSE:CSTM traded up $0.06 during trading hours on Friday, hitting $8.59. 1,707,119 shares of the company's stock traded hands, compared to its average volume of 1,351,240. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00. The business's fifty day simple moving average is $10.20 and its two-hundred day simple moving average is $11.03. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The firm has a market cap of $1.23 billion, a P/E ratio of 26.83 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.47). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, research analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Tuesday, February 25th.

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.