Constellium SE (NYSE:CSTM) is Lancaster Investment Management's 3rd Largest Position

Lancaster Investment Management reduced its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,296,358 shares of the industrial products company's stock after selling 307,816 shares during the quarter. Constellium makes up about 21.1% of Lancaster Investment Management's holdings, making the stock its 3rd biggest holding. Lancaster Investment Management owned about 1.59% of Constellium worth $41,794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Constellium by 1.7% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock worth $267,212,000 after purchasing an additional 251,829 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Constellium by 3.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 14,604,987 shares of the industrial products company's stock worth $172,777,000 after purchasing an additional 446,722 shares during the period. BlackRock Inc. lifted its position in shares of Constellium by 2.7% in the 3rd quarter. BlackRock Inc. now owns 10,822,523 shares of the industrial products company's stock worth $109,742,000 after purchasing an additional 289,631 shares during the period. Jennison Associates LLC lifted its position in shares of Constellium by 2.5% in the 3rd quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company's stock worth $103,350,000 after purchasing an additional 136,338 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Constellium by 13.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,355,241 shares of the industrial products company's stock valued at $60,395,000 after acquiring an additional 392,614 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Performance

NYSE CSTM traded down $0.08 during trading hours on Tuesday, hitting $22.41. 697,441 shares of the company's stock traded hands, compared to its average volume of 689,489. Constellium SE has a 52 week low of $13.40 and a 52 week high of $23.20. The business's fifty day moving average price is $20.11 and its two-hundred day moving average price is $18.63. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $3.23 billion, a P/E ratio of 24.10 and a beta of 1.71.

Constellium (NYSE:CSTM - Get Free Report) last released its earnings results on Wednesday, February 21st. The industrial products company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.23). Constellium had a return on equity of 16.86% and a net margin of 1.73%. The company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.73 billion. Equities research analysts predict that Constellium SE will post 1.91 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Constellium from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, January 23rd. UBS Group started coverage on shares of Constellium in a research report on Tuesday, January 16th. They set a "buy" rating and a $27.00 price target for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Constellium has an average rating of "Buy" and a consensus price target of $24.20.

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.