Cwm LLC Boosts Stake in Constellium SE $CSTM

Cwm LLC raised its position in Constellium SE (NYSE:CSTM) by 136.4% during the third quarter, Holdings Channel reports. The firm owned 73,313 shares of the industrial products company’s stock after buying an additional 42,297 shares during the quarter. Cwm LLC’s holdings in Constellium were worth $1,091,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ieq Capital LLC acquired a new stake in shares of Constellium in the first quarter valued at $157,000. Royal Bank of Canada boosted its holdings in Constellium by 5.3% during the 1st quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock valued at $732,000 after acquiring an additional 3,629 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in Constellium by 47.8% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 441,500 shares of the industrial products company’s stock valued at $4,455,000 after acquiring an additional 142,726 shares during the period. AQR Capital Management LLC grew its position in Constellium by 354.0% in the 1st quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock valued at $924,000 after acquiring an additional 71,396 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Constellium by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock worth $777,000 after purchasing an additional 3,393 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on CSTM shares. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. JPMorgan Chase & Co. raised their price target on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company upped their price objective on Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Constellium Price Performance

Constellium stock opened at $19.54 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The company has a fifty day simple moving average of $17.19 and a 200-day simple moving average of $15.44. The stock has a market cap of $2.69 billion, a P/E ratio of 24.73 and a beta of 1.52. Constellium SE has a 12-month low of $7.32 and a 12-month high of $20.03.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.37 by $0.25. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the company posted $0.02 earnings per share. Constellium’s revenue for the quarter was up 20.2% compared to the same quarter last year. Equities analysts expect that Constellium SE will post 1.1 EPS for the current fiscal year.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.