Beaconlight Capital LLC Has $24.86 Million Stock Position in Constellium SE $CSTM

Key Points

• Beaconlight Capital cut its Constellium stake by 33.4% in the second quarter, selling 391,913 shares and retaining 779,899 shares valued at approximately $24.86 million. The position represents 8.8% of the fund’s portfolio and 0.58% of Constellium’s shares.
• Analyst sentiment remains cautiously positive, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $35.80. Recent actions included Wells Fargo raising its target to $39, while UBS reduced its target to $35.
• Constellium reported quarterly EPS of $1.04, beating estimates of $0.86, while revenue rose 30.7% year over year to $2.75 billion. The stock opened at $27.00, compared with a 12-month range of $13.58 to $36.99.

Beaconlight Capital LLC reduced its holdings in Constellium SE (NYSE:CSTM - Free Report) by 33.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 779,899 shares of the industrial products company's stock after selling 391,913 shares during the period. Constellium accounts for about 8.8% of Beaconlight Capital LLC's portfolio, making the stock its 2nd largest holding. Beaconlight Capital LLC owned about 0.58% of Constellium worth $24,855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 1,467 shares during the last quarter. Allworth Financial LP raised its stake in shares of Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company's stock worth $39,000 after purchasing an additional 714 shares in the last quarter. USA Financial Formulas raised its stake in shares of Constellium by 94.9% during the 1st quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company's stock worth $55,000 after purchasing an additional 1,097 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Constellium by 34.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company's stock valued at $59,000 after buying an additional 803 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Constellium by 53.7% in the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company's stock valued at $83,000 after buying an additional 1,960 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CSTM shares. Wells Fargo & Company boosted their target price on shares of Constellium from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Weiss Ratings downgraded shares of Constellium from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of Constellium in a research note on Thursday, July 30th. UBS Group dropped their target price on shares of Constellium from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, July 8th. Finally, Zacks Research downgraded shares of Constellium from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.80.

Insider Buying and Selling at Constellium

In other news, Director Jean-Christophe Deslarzes bought 1,490 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of $27.24 per share, with a total value of $40,587.60. Following the completion of the acquisition, the director owned 43,515 shares of the company's stock, valued at $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Ormerod sold 8,000 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $35.01, for a total transaction of $280,080.00. Following the completion of the transaction, the director owned 24,873 shares in the company, valued at $870,803.73. This trade represents a 24.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by company insiders.

Constellium Trading Up 0.1%

Shares of CSTM stock opened at $27.00 on Monday. Constellium SE has a 12-month low of $13.58 and a 12-month high of $36.99. The company has a market capitalization of $3.66 billion, a PE ratio of 6.96 and a beta of 1.57. The firm has a 50 day moving average price of $29.28 and a two-hundred day moving average price of $29.31. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The firm's revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. As a group, analysts predict that Constellium SE will post 3.7 earnings per share for the current year.

Constellium Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan's rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.

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