Spire Wealth Management Acquires 1,042 Shares of Constellium SE (NYSE:CSTM)

Spire Wealth Management grew its holdings in shares of Constellium SE (NYSE:CSTMFree Report) by 11.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,338 shares of the industrial products company’s stock after buying an additional 1,042 shares during the quarter. Spire Wealth Management’s holdings in Constellium were worth $188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSTM. T. Rowe Price Investment Management Inc. grew its stake 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 acquiring an additional 446,722 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Constellium by 2.7% during the 3rd quarter. BlackRock Inc. now owns 10,822,523 shares of the industrial products company’s stock valued at $109,742,000 after buying an additional 289,631 shares in the last quarter. Jennison Associates LLC boosted its holdings in 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 buying an additional 136,338 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Constellium by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,355,241 shares of the industrial products company’s stock worth $60,395,000 after acquiring an additional 392,614 shares during the period. Finally, Lancaster Investment Management boosted its stake in Constellium by 7.1% in the 3rd quarter. Lancaster Investment Management now owns 2,604,174 shares of the industrial products company’s stock worth $47,396,000 after purchasing an additional 173,548 shares during the period.

Constellium Price Performance

Shares of CSTM stock opened at $18.79 on Friday. The business’s fifty day moving average is $18.87 and its 200 day moving average is $17.86. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 17.90 and a beta of 1.72. The company has a quick ratio of 0.56, a current ratio of 1.32 and a debt-to-equity ratio of 2.04. Constellium SE has a twelve month low of $13.40 and a twelve month high of $20.68.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CSTM. StockNews.com raised Constellium from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. UBS Group assumed 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. Finally, BMO Capital Markets increased their price objective on Constellium from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $23.83.

View Our Latest Research Report on Constellium

Constellium Profile

(Free Report)

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