MQS Management LLC Acquires New Shares in Constellium SE (NYSE:CSTM)

MQS Management LLC bought a new position in shares of Constellium SE (NYSE:CSTM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,536 shares of the industrial products company’s stock, valued at approximately $253,000.

Other large investors also recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Constellium by 170.2% in the 1st quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock worth $6,183,000 after buying an additional 176,158 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Constellium by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 156,055 shares of the industrial products company’s stock valued at $3,450,000 after purchasing an additional 3,380 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Constellium by 7.6% in the first quarter. ProShare Advisors LLC now owns 25,680 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 1,822 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Constellium during the 1st quarter worth approximately $313,000. Finally, Vanguard Group Inc. raised its position in shares of Constellium by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after purchasing an additional 145,604 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Down 2.9 %

Shares of NYSE:CSTM opened at $11.34 on Friday. Constellium SE has a 12-month low of $10.49 and a 12-month high of $23.20. The stock’s 50-day moving average price is $14.26 and its two-hundred day moving average price is $17.21. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 15.32 and a beta of 1.65.

Constellium (NYSE:CSTM) last released its 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). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.47 earnings per share. Constellium’s revenue was down 4.7% on a year-over-year basis. On average, research analysts forecast that Constellium SE will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CSTM shares. JPMorgan Chase & Co. lowered their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. 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 report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and reduced their target price for the company from $22.00 to $12.00 in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Constellium presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Constellium Company 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.