Constellium (NYSE:CSTM) Reaches New 52-Week High - What's Next?

Key Points

• Constellium SE shares hit a new 52-week high of $16.53 on Tuesday, with a trading volume of 570,803 shares.
• Recent **brokerage ratings** for Constellium include a buy rating from Wall Street Zen and a strong sell rating from Zacks Research, reflecting varying analyst sentiments.
• Approximately **92.59% of the company's stock** is owned by institutional investors, indicating significant confidence in the firm’s potential.

Shares of Constellium SE (NYSE:CSTM - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $16.50 and last traded at $16.53, with a volume of 570803 shares. The stock had previously closed at $15.95.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSTM. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Constellium in a research report on Wednesday, October 8th. Zacks Research cut shares of Constellium from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of Constellium from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Wells Fargo & Company assumed coverage on Constellium in a research note on Wednesday, October 8th. They set an "equal weight" rating and a $16.00 target price for the company. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $16.33.

Constellium Trading Up 2.4%

The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 1.23. The firm has a market cap of $2.28 billion, a P/E ratio of 85.90 and a beta of 1.71. The firm has a 50 day simple moving average of $14.82 and a 200 day simple moving average of $13.05.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.08 billion. Constellium had a return on equity of 3.43% and a net margin of 0.37%. On average, equities research analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

Hedge funds and other institutional investors have recently made changes to their positions in the business. Encompass Capital Advisors LLC grew its stake in shares of Constellium by 59.7% in the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company's stock worth $71,325,000 after acquiring an additional 2,005,216 shares during the last quarter. Nuveen LLC purchased a new position in Constellium during the 1st quarter valued at $19,630,000. Millennium Management LLC boosted its holdings in Constellium by 65.8% during the 1st quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company's stock valued at $41,525,000 after acquiring an additional 1,633,561 shares during the period. JPMorgan Chase & Co. boosted its holdings in Constellium by 139.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company's stock valued at $28,879,000 after acquiring an additional 1,265,401 shares during the period. Finally, Cooper Creek Partners Management LLC raised its position in Constellium by 244.6% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 1,666,521 shares of the industrial products company's stock valued at $22,165,000 after purchasing an additional 1,182,966 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

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.

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