Short Interest in Constellium NV (CSTM) Decreases By 39.0%
Constellium NV (NYSE:CSTM) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 425,936 shares, a drop of 39.0% from the September 15th total of 697,858 shares. Based on an average trading volume of 497,946 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are short sold.
A number of institutional investors have recently added to or reduced their stakes in CSTM. Stifel Financial Corp boosted its position in Constellium NV by 1.1% in the second quarter. Stifel Financial Corp now owns 27,000 shares of the company’s stock worth $127,000 after buying an additional 300 shares in the last quarter. Pitcairn Co. boosted its position in Constellium NV by 5.2% in the second quarter. Pitcairn Co. now owns 30,047 shares of the company’s stock worth $141,000 after buying an additional 1,493 shares in the last quarter. Boothbay Fund Management LLC boosted its position in Constellium NV by 40.4% in the first quarter. Boothbay Fund Management LLC now owns 27,459 shares of the company’s stock worth $143,000 after buying an additional 7,903 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Constellium NV during the second quarter worth $149,000. Finally, Fox Run Management L.L.C. boosted its position in Constellium NV by 104.3% in the third quarter. Fox Run Management L.L.C. now owns 23,700 shares of the company’s stock worth $171,000 after buying an additional 12,100 shares in the last quarter. Hedge funds and other institutional investors own 68.01% of the company’s stock.
Several analysts recently weighed in on the stock. Societe Generale cut shares of Constellium NV from a “hold” rating to a “sell” rating in a report on Monday, September 5th. Seaport Global Securities started coverage on shares of Constellium NV in a report on Friday, September 9th. They set a “neutral” rating and a $8.00 price objective on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Constellium NV in a report on Sunday, August 28th. Zacks Investment Research cut shares of Constellium NV from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $13.00 price objective on shares of Constellium NV in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Constellium NV presently has a consensus rating of “Hold” and an average target price of $8.91.
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Constellium NV (NYSE:CSTM) opened at 6.35 on Wednesday. The stock’s 50 day moving average is $7.07 and its 200-day moving average is $5.66. Constellium NV has a 12 month low of $3.38 and a 12 month high of $9.94. The stock’s market capitalization is $670.07 million.
Constellium NV (NYSE:CSTM) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.11. The business earned $1.23 billion during the quarter, compared to analysts’ expectations of $1.27 billion. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.61) EPS. On average, equities research analysts expect that Constellium NV will post $0.27 earnings per share for the current year.
Constellium NV Company Profile
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace, automotive and packaging. The Company offers plates, sheet and coil, precision casting, cockpit carriers for vehicles, vehicle safety components, profiles, as well as tubes and bars, among others.
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