Constellium (NYSE:CSTM) Shares Gap Up – Here’s What Happened

Shares of Constellium SE (NYSE:CSTM) gapped up prior to trading on Thursday . The stock had previously closed at $9.07, but opened at $10.12. Constellium shares last traded at $10.56, with a volume of 818,307 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. BMO Capital Markets decreased their target price 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, StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellium has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Constellium Stock Up 15.5 %

The company has a market capitalization of $1.54 billion, a PE ratio of 14.19 and a beta of 1.68. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The business’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $12.85.

Constellium (NYSE:CSTM) last released its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). Constellium had a return on equity of 10.83% and a net margin of 1.47%. As a group, equities research analysts anticipate that Constellium SE will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Constellium

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its position in Constellium by 11.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 246,279 shares of the industrial products company’s stock worth $2,529,000 after purchasing an additional 25,580 shares during the last quarter. PharVision Advisers LLC acquired a new position in Constellium during the fourth quarter worth $168,000. Voloridge Investment Management LLC boosted its position in Constellium by 80.8% during the fourth quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company’s stock worth $15,711,000 after purchasing an additional 683,876 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Constellium by 6.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 5,810,189 shares of the industrial products company’s stock valued at $59,671,000 after purchasing an additional 334,639 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Constellium by 1.0% in the fourth quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company’s stock valued at $1,177,000 after buying an additional 1,164 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.