Strs Ohio Trims Stake in Constellium SE (NYSE:CSTM)

Strs Ohio reduced its holdings in shares of Constellium SE (NYSE:CSTMGet Rating) by 22.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,500 shares of the industrial products company’s stock after selling 13,300 shares during the period. Strs Ohio’s holdings in Constellium were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSTM. Envestnet Asset Management Inc. increased its stake in shares of Constellium by 16.6% in the first quarter. Envestnet Asset Management Inc. now owns 17,011 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 2,419 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Constellium by 26.5% in the first quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 757 shares in the last quarter. Raymond James & Associates increased its stake in shares of Constellium by 65.7% in the first quarter. Raymond James & Associates now owns 68,993 shares of the industrial products company’s stock worth $1,242,000 after purchasing an additional 27,368 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Constellium by 3.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 84,295 shares of the industrial products company’s stock worth $1,517,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Constellium by 4.7% in the first quarter. Bank of Montreal Can now owns 101,807 shares of the industrial products company’s stock worth $1,885,000 after purchasing an additional 4,565 shares in the last quarter. 92.86% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

CSTM stock opened at $14.10 on Thursday. Constellium SE has a 52 week low of $9.82 and a 52 week high of $20.85. The company has a quick ratio of 0.53, a current ratio of 1.23 and a debt-to-equity ratio of 2.54. The company has a fifty day simple moving average of $12.25 and a two-hundred day simple moving average of $12.54. The firm has a market capitalization of $2.00 billion, a P/E ratio of 6.91 and a beta of 1.94.

Constellium (NYSE:CSTMGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The industrial products company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.33 by $0.56. Constellium had a net margin of 3.54% and a return on equity of 60.12%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.68 billion. Analysts anticipate that Constellium SE will post 2.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSTM. Credit Suisse Group reduced their price objective on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, December 1st. The Goldman Sachs Group cut their target price on shares of Constellium from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. StockNews.com raised shares of Constellium from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Constellium from $15.00 to $12.50 in a research note on Thursday, October 27th.

About Constellium

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Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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