Constellium SE (NYSE:CSTM) Shares Sold by Covestor Ltd

Covestor Ltd decreased its holdings in shares of Constellium SE (NYSE:CSTM) by 46.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,988 shares of the industrial products company’s stock after selling 2,632 shares during the period. Covestor Ltd’s holdings in Constellium were worth $31,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CSTM. Geneos Wealth Management Inc. bought a new position in shares of Constellium during the fourth quarter worth about $31,000. New Age Alpha Advisors LLC acquired a new position in shares of Constellium during the fourth quarter worth approximately $70,000. Quadrant Capital Group LLC grew its holdings in Constellium by 25.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after buying an additional 1,645 shares in the last quarter. Virtu Financial LLC bought a new stake in Constellium during the 4th quarter valued at $106,000. Finally, Cibc World Markets Corp acquired a new position in Constellium during the 4th quarter worth $124,000. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.25.

Constellium Stock Down 2.0 %

CSTM opened at $8.39 on Wednesday. The stock’s fifty day moving average is $10.26 and its 200-day moving average is $11.22. Constellium SE has a one year low of $7.33 and a one year high of $22.00. The company has a market capitalization of $1.20 billion, a PE ratio of 26.20 and a beta of 1.65. 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 (NYSE:CSTM) last issued its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. On average, equities analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Constellium 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.