Constellium SE (NYSE:CSTM) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in Constellium SE (NYSE:CSTM - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,851,001 shares of the industrial products company's stock after selling 111,479 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.26% of Constellium worth $19,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSTM. Numerai GP LLC acquired a new position in shares of Constellium in the fourth quarter valued at approximately $427,000. Mountaineer Partners Management LLC increased its holdings in shares of Constellium by 61.6% in the fourth quarter. Mountaineer Partners Management LLC now owns 887,239 shares of the industrial products company's stock valued at $9,112,000 after purchasing an additional 338,105 shares during the period. Millennium Management LLC increased its holdings in shares of Constellium by 33.5% in the fourth quarter. Millennium Management LLC now owns 2,481,878 shares of the industrial products company's stock valued at $25,489,000 after purchasing an additional 622,367 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Constellium by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,628 shares of the industrial products company's stock valued at $756,000 after purchasing an additional 2,745 shares during the period. Finally, Moore Capital Management LP acquired a new position in shares of Constellium in the fourth quarter valued at approximately $3,686,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Tuesday, February 25th.

Constellium Stock Performance

Shares of NYSE:CSTM traded up $0.11 during trading on Thursday, reaching $12.34. The company had a trading volume of 170,086 shares, compared to its average volume of 1,606,553. The stock's fifty day moving average price is $10.20 and its 200 day moving average price is $10.66. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $22.00. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 38.56 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 announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. Constellium's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that Constellium SE will post 1.1 EPS for the current year.

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.