Constellium SE (NYSE:CSTM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Constellium SE (NYSE:CSTMGet Rating) by 13.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,438 shares of the industrial products company’s stock after selling 4,383 shares during the period. SG Americas Securities LLC’s holdings in Constellium were worth $530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Exane Derivatives acquired a new stake in Constellium during the first quarter valued at approximately $60,000. Strs Ohio lifted its stake in Constellium by 7.9% during the first quarter. Strs Ohio now owns 66,800 shares of the industrial products company’s stock valued at $1,202,000 after purchasing an additional 4,900 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in Constellium during the fourth quarter valued at approximately $21,178,000. Samlyn Capital LLC lifted its stake in Constellium by 7.7% during the fourth quarter. Samlyn Capital LLC now owns 2,455,764 shares of the industrial products company’s stock valued at $43,982,000 after purchasing an additional 175,479 shares during the last quarter. Finally, Shay Capital LLC lifted its stake in Constellium by 305.2% during the fourth quarter. Shay Capital LLC now owns 47,000 shares of the industrial products company’s stock valued at $842,000 after purchasing an additional 35,400 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CSTM. StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Constellium from $22.00 to $25.00 in a report on Thursday, April 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.17.

Constellium Stock Down 6.0 %

Constellium stock opened at $13.85 on Friday. The firm has a market cap of $1.94 billion, a PE ratio of 7.21 and a beta of 1.90. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.57 and a current ratio of 1.21. The firm’s 50 day moving average price is $14.35 and its two-hundred day moving average price is $16.39. Constellium SE has a twelve month low of $11.79 and a twelve month high of $21.59.

Constellium (NYSE:CSTMGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The industrial products company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.68). Constellium had a return on equity of 72.41% and a net margin of 3.41%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the company earned $0.88 EPS. The business’s revenue for the quarter was up 49.9% compared to the same quarter last year. On average, research analysts predict that Constellium SE will post 1.73 EPS for the current fiscal year.

Constellium Company Profile

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Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive 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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