Raymond James & Associates Lowers Stock Holdings in Constellium SE (NYSE:CSTM)

Raymond James & Associates cut its holdings in shares of Constellium SE (NYSE:CSTM) by 58.9% during the fourth quarter, Holdings Channel reports. The firm owned 21,836 shares of the industrial products company’s stock after selling 31,246 shares during the quarter. Raymond James & Associates’ holdings in Constellium were worth $436,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in Constellium by 1.7% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $267,212,000 after buying an additional 251,829 shares during the period. Jump Financial LLC grew its stake in shares of Constellium by 155.7% in the third quarter. Jump Financial LLC now owns 93,110 shares of the industrial products company’s stock worth $1,695,000 after acquiring an additional 56,701 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Constellium by 167.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,406,054 shares of the industrial products company’s stock worth $25,590,000 after acquiring an additional 879,922 shares during the period. Highland Peak Capital LLC raised its stake in shares of Constellium by 28.4% in the third quarter. Highland Peak Capital LLC now owns 1,606,024 shares of the industrial products company’s stock valued at $29,230,000 after acquiring an additional 355,375 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Constellium by 2.5% in the third quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company’s stock valued at $103,350,000 after purchasing an additional 136,338 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Up 1.6 %

CSTM opened at $20.69 on Friday. Constellium SE has a one year low of $13.77 and a one year high of $23.20. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31. The stock has a market capitalization of $2.99 billion, a P/E ratio of 22.99 and a beta of 1.71. The business’s 50-day simple moving average is $20.59 and its 200-day simple moving average is $18.92.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Constellium had a return on equity of 15.90% and a net margin of 1.73%. Analysts anticipate that Constellium SE will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft lifted their price objective on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Benchmark reissued a “buy” rating and issued a $24.00 target price on shares of Constellium in a report on Friday, April 19th. UBS Group assumed coverage on Constellium in a research report on Tuesday, January 16th. They set a “buy” rating and a $27.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Constellium from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Constellium currently has an average rating of “Buy” and a consensus target price of $25.40.

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.