Barclays PLC Sells 102,565 Shares of Constellium SE (NYSE:CSTM)

Barclays PLC trimmed its stake in Constellium SE (NYSE:CSTM - Free Report) by 30.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,004 shares of the industrial products company's stock after selling 102,565 shares during the period. Barclays PLC owned about 0.16% of Constellium worth $2,402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in Constellium by 242.7% during 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 in the last quarter. Empowered Funds LLC acquired a new stake in shares of Constellium during the 4th quarter valued at about $5,856,000. CenterBook Partners LP increased its stake in Constellium by 369.7% in the fourth quarter. CenterBook Partners LP now owns 709,995 shares of the industrial products company's stock valued at $7,292,000 after acquiring an additional 558,820 shares during the period. ExodusPoint Capital Management LP bought a new stake in Constellium in the fourth quarter valued at about $4,980,000. Finally, Cooper Creek Partners Management LLC bought a new position in Constellium during the fourth quarter worth about $4,966,000. Institutional investors own 92.59% of the company's stock.

Constellium Price Performance

CSTM traded up $0.40 during trading on Friday, hitting $11.18. The company's stock had a trading volume of 2,663,911 shares, compared to its average volume of 1,400,441. The firm's 50 day moving average price is $10.12 and its two-hundred day moving average price is $10.70. 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 stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 34.94 and a beta of 1.65. Constellium SE has a 12 month low of $7.33 and a 12 month high of $22.00.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.19. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. Sell-side analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.