Moody National Bank Trust Division Trims Stake in Constellium SE (NYSE:CSTM)

Moody National Bank Trust Division lowered its stake in Constellium SE (NYSE:CSTMGet Rating) by 52.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,049 shares of the industrial products company’s stock after selling 38,500 shares during the quarter. Moody National Bank Trust Division’s holdings in Constellium were worth $463,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parallax Volatility Advisers L.P. acquired a new position in Constellium in the 4th quarter valued at $306,000. Bank of New York Mellon Corp raised its holdings in Constellium by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 3,370,364 shares of the industrial products company’s stock valued at $60,665,000 after acquiring an additional 33,213 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Constellium in the 4th quarter valued at $361,000. Marshall Wace LLP acquired a new position in Constellium in the 4th quarter valued at $71,144,000. Finally, Cohen Capital Management Inc. acquired a new position in Constellium in the 1st quarter valued at $5,333,000. Hedge funds and other institutional investors own 94.25% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Constellium Stock Down 5.5 %

Shares of NYSE CSTM opened at $11.45 on Monday. Constellium SE has a 12-month low of $11.32 and a 12-month high of $20.85. The company has a market cap of $1.60 billion, a P/E ratio of 5.96 and a beta of 1.92. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 3.23. The stock has a fifty day moving average price of $13.78 and a 200 day moving average price of $15.35.

Constellium (NYSE:CSTMGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. Constellium had a return on equity of 72.41% and a net margin of 3.41%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 49.9% compared to the same quarter last year. Research analysts anticipate that Constellium SE will post 1.8 EPS for the current fiscal year.

About Constellium

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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