Aberdeen Group plc Lowers Position in Constellium SE $CSTM

Key Points

• Aberdeen Group plc reduced its stake in Constellium SE by 14.7% during the second quarter, now holding 157,733 shares valued at approximately $2.1 million.
• Constellium SE reported earnings per share of $0.25 for the last quarter, missing the consensus estimate of $0.28, while revenues reached $2.10 billion.
• According to analysts, Constellium currently holds a consensus rating of "Hold" with an average price target of $16.33.

Aberdeen Group plc decreased its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,733 shares of the industrial products company's stock after selling 27,116 shares during the quarter. Aberdeen Group plc owned 0.11% of Constellium worth $2,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its stake in Constellium by 20.3% in the first quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 1,013 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Constellium by 3.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company's stock worth $582,000 after purchasing an additional 1,659 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Constellium by 2,485.6% during the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 2,585 shares during the last quarter. CWM LLC increased its position in shares of Constellium by 91.5% during the 1st quarter. CWM LLC now owns 6,842 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 3,269 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Constellium by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company's stock valued at $777,000 after buying an additional 3,393 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Constellium in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Constellium from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Zacks Research cut shares of Constellium from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company initiated coverage on shares of Constellium in a research report on Wednesday, October 8th. They set an "equal weight" rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Constellium presently has a consensus rating of "Hold" and an average price target of $16.33.

Constellium Stock Down 1.5%

Shares of Constellium stock opened at $15.26 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. Constellium SE has a 12-month low of $7.32 and a 12-month high of $16.49. The company has a market cap of $2.13 billion, a P/E ratio of 80.32 and a beta of 1.71. The company's fifty day simple moving average is $14.76 and its two-hundred day simple moving average is $12.95.

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

Constellium Company 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.

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