Bank of Montreal Can Increases Stock Position in Constellium SE (NYSE:CSTM)

Bank of Montreal Can boosted its holdings in Constellium SE (NYSE:CSTMFree Report) by 46.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 448,082 shares of the industrial products company’s stock after purchasing an additional 141,137 shares during the quarter. Bank of Montreal Can owned about 0.31% of Constellium worth $7,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. grew its stake in shares of Constellium by 47.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock valued at $77,877,000 after purchasing an additional 1,334,550 shares during the last quarter. Rubric Capital Management LP boosted its holdings in shares of Constellium by 0.9% in the second quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock valued at $69,046,000 after acquiring an additional 32,548 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after purchasing an additional 257,618 shares in the last quarter. Highland Peak Capital LLC lifted its position in Constellium by 14.1% in the second quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock valued at $35,860,000 after purchasing an additional 234,756 shares during the period. Finally, Kailix Advisors LLC raised its stake in shares of Constellium by 14.8% during the 3rd quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company’s stock worth $26,998,000 after buying an additional 213,763 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Stock Up 1.8 %

CSTM opened at $12.48 on Tuesday. The firm has a market cap of $1.80 billion, a P/E ratio of 16.87 and a beta of 1.65. The business’s fifty day simple moving average is $13.29 and its 200 day simple moving average is $16.54. Constellium SE has a 52 week low of $10.49 and a 52 week high of $23.20. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTMGet Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. Constellium’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. As a group, equities research analysts anticipate that Constellium SE will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSTM shares. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets dropped their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and cut their price target for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Constellium presently has an average rating of “Moderate Buy” and an average target price of $21.00.

Read Our Latest Analysis on CSTM

Constellium Profile

(Free Report)

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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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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