Constellium SE $CSTM Stock Position Decreased by Beaconlight Capital LLC

Beaconlight Capital LLC trimmed its position in shares of Constellium SE (NYSE:CSTM) by 12.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,171,812 shares of the industrial products company’s stock after selling 168,122 shares during the quarter. Constellium makes up approximately 15.3% of Beaconlight Capital LLC’s investment portfolio, making the stock its largest position. Beaconlight Capital LLC’s holdings in Constellium were worth $28,803,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Constellium by 848.8% in the first quarter. Public Employees Retirement System of Ohio now owns 59,335 shares of the industrial products company’s stock worth $1,458,000 after buying an additional 53,081 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Constellium by 620.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock worth $79,345,000 after purchasing an additional 2,780,260 shares in the last quarter. Sei Investments Co. lifted its stake in Constellium by 159.2% in the 1st quarter. Sei Investments Co. now owns 231,774 shares of the industrial products company’s stock worth $5,697,000 after purchasing an additional 142,340 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Constellium during the 1st quarter worth approximately $496,000. Finally, Globeflex Capital L P acquired a new position in shares of Constellium during the 1st quarter worth approximately $635,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Trading Down 3.3%

NYSE CSTM opened at $29.02 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 9.39 and a beta of 1.55. The firm has a 50 day simple moving average of $32.11 and a 200-day simple moving average of $28.23. Constellium SE has a one year low of $13.04 and a one year high of $36.99.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. Equities research analysts anticipate that Constellium SE will post 3.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Zacks Research cut Constellium from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. UBS Group cut their target price on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company reduced their price target on Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and a consensus price target of $35.60.

Insider Buying and Selling at Constellium

In other news, Director John Ormerod sold 8,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $35.01, for a total value of $280,080.00. Following the sale, the director directly owned 24,873 shares in the company, valued at approximately $870,803.73. This trade represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin Jarrett sold 4,716 shares of Constellium stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $33.46, for a total value of $157,797.36. Following the completion of the transaction, the senior vice president owned 15,375 shares of the company’s stock, valued at approximately $514,447.50. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 195,153 shares of company stock valued at $6,369,312. Insiders own 1.20% of the company’s stock.

Constellium Profile

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.