Envestnet Asset Management Inc. decreased its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 52.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,096 shares of the industrial products company's stock after selling 65,276 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Constellium were worth $607,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in Constellium during the fourth quarter worth $31,000. New Age Alpha Advisors LLC acquired a new position in shares of Constellium during the 4th quarter valued at about $70,000. Virtu Financial LLC bought a new position in shares of Constellium in the 4th quarter valued at approximately $106,000. Cibc World Markets Corp bought a new position in shares of Constellium in the 4th quarter valued at approximately $124,000. Finally, Summit Global Investments acquired a new stake in Constellium in the 4th quarter worth approximately $145,000. Institutional investors own 92.59% of the company's stock.
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 target on the stock in a report on Tuesday, February 25th.
Check Out Our Latest Analysis on CSTM
Constellium Stock Performance
Shares of NYSE CSTM traded up $0.03 during trading hours on Friday, hitting $11.22. 233,733 shares of the company's stock were exchanged, compared to its average volume of 1,626,779. The company's 50-day moving average price is $10.09 and its 200-day moving average price is $10.62. Constellium SE has a 1-year low of $7.32 and a 1-year high of $22.00. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 35.06 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.
Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the business earned $0.11 earnings per share. Constellium's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal year.
About Constellium
(
Free Report)
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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