Swiss National Bank Buys Shares of 245,700 Constellium SE $CSTM

Swiss National Bank purchased a new position in Constellium SE (NYSE:CSTM) during the second quarter, HoldingsChannel reports. The firm purchased 245,700 shares of the industrial products company’s stock, valued at approximately $3,268,000.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in Constellium by 1,034.7% in the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 4,708 shares during the period. KBC Group NV purchased a new stake in shares of Constellium during the 2nd quarter valued at about $56,000. EMC Capital Management bought a new position in shares of Constellium in the 2nd quarter worth approximately $135,000. Ieq Capital LLC bought a new position in shares of Constellium in the 1st quarter worth approximately $157,000. Finally, XTX Topco Ltd purchased a new position in shares of Constellium in the first quarter worth approximately $230,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

Shares of NYSE:CSTM opened at $18.17 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. The firm has a fifty day moving average price of $15.83 and a 200 day moving average price of $14.50. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $18.33. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 23.00 and a beta of 1.55.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm earned $0.02 earnings per share. Constellium’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSTM. Wells Fargo & Company boosted their price objective on shares of Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Constellium has an average rating of “Hold” and an average target price of $18.00.

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.