TD Asset Management Inc Has $2.03 Million Stock Holdings in Constellium SE $CSTM

Key Points

• TD Asset Management Inc reduced its stake in Constellium SE by 49.6%, owning approximately $2.03 million worth of stock after selling nearly 150,000 shares.
• Institutional investors now control 92.59% of Constellium's stock, with several firms significantly increasing their positions during the first quarter.
• Constellium reported earnings of $0.25 EPS, missing analysts' expectations, while the stock currently has an average target price of $16.33 after mixed analyst ratings.

TD Asset Management Inc lessened its position in Constellium SE (NYSE:CSTM - Free Report) by 49.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,552 shares of the industrial products company's stock after selling 149,994 shares during the period. TD Asset Management Inc owned about 0.11% of Constellium worth $2,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CSTM. GAMMA Investing LLC lifted its position in Constellium by 2,485.6% during the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company's stock worth $27,000 after buying an additional 2,585 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Constellium during the 1st quarter worth about $38,000. US Bancorp DE lifted its position in Constellium by 1,034.7% during the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock worth $52,000 after buying an additional 4,708 shares in the last quarter. Signaturefd LLC lifted its position in Constellium by 20.3% during the 1st quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock worth $61,000 after buying an additional 1,013 shares in the last quarter. Finally, CWM LLC lifted its position in Constellium by 91.5% during the 1st quarter. CWM LLC now owns 6,842 shares of the industrial products company's stock worth $69,000 after buying an additional 3,269 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Stock Performance

Shares of NYSE:CSTM opened at $16.07 on Wednesday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 84.58 and a beta of 1.71. Constellium SE has a 1-year low of $7.32 and a 1-year high of $16.62. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. The business has a 50-day moving average price of $14.86 and a two-hundred day moving average price of $13.07.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). The company had revenue of $2.10 billion during 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%. Equities analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

CSTM has been the topic of several research reports. Wall Street Zen upgraded shares of Constellium from a "hold" rating to a "buy" rating in a research report on Sunday. Wells Fargo & Company assumed 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 on the stock. Zacks Research cut Constellium from a "hold" rating to a "strong sell" rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Constellium in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $16.33.

Constellium 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.

Want to see what other hedge funds are holding CSTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellium SE (NYSE:CSTM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.