MQS Management LLC Invests $253,000 in Constellium SE (NYSE:CSTM)

MQS Management LLC purchased a new stake in Constellium SE (NYSE:CSTM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,536 shares of the industrial products company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSTM. CWM LLC boosted its stake in shares of Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 676 shares during the period. Blue Trust Inc. boosted its position in Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,753 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Constellium during the second quarter valued at about $85,000. Quarry LP increased its position in shares of Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 933 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSTM. StockNews.com lowered Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. BMO Capital Markets reduced their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Constellium Stock Performance

Constellium stock opened at $11.34 on Friday. The company has a market cap of $1.64 billion, a PE ratio of 15.32 and a beta of 1.65. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20. The company has a fifty day moving average price of $14.26 and a two-hundred day moving average price of $17.21. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). Constellium had a net margin of 1.47% and a return on equity of 10.83%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company earned $0.47 EPS. Constellium’s quarterly revenue was down 4.7% on a year-over-year basis. Research analysts expect that Constellium SE will post 0.71 earnings per share for the current year.

About Constellium

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.