Rockingstone Advisors LLC Acquires 81,467 Shares of Constellium SE (NYSE:CSTM)

Rockingstone Advisors LLC raised its stake in shares of Constellium SE (NYSE:CSTM) by 48.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 250,917 shares of the industrial products company’s stock after acquiring an additional 81,467 shares during the quarter. Rockingstone Advisors LLC owned approximately 0.17% of Constellium worth $2,577,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 1,753 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Constellium in the second quarter valued at about $85,000. Quarry LP raised its holdings in Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 3,735 shares in the last quarter. Signaturefd LLC increased its holdings in Constellium by 41.5% in the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after buying an additional 2,805 shares during the period. Finally, Ballentine Partners LLC acquired a new position in Constellium during the third quarter valued at approximately $168,000. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Constellium Stock Up 6.4 %

NYSE:CSTM opened at $10.83 on Thursday. The firm has a market cap of $1.56 billion, a P/E ratio of 14.64 and a beta of 1.69. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium SE has a fifty-two week low of $9.95 and a fifty-two week high of $23.20. The firm has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $14.33.

Constellium (NYSE:CSTM) last issued its earnings results 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 return on equity of 10.83% and a net margin of 1.47%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm posted $0.47 EPS. Constellium’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts predict that Constellium SE will post 0.71 earnings per share for the current fiscal year.

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.