Raymond James Financial Services Advisors Inc. cut its stake in shares of Constellium SE (NYSE:CSTM – Free Report) by 44.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,389 shares of the industrial products company’s stock after selling 8,285 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Constellium were worth $179,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CSTM. Nomura Asset Management Co. Ltd. increased its holdings in Constellium by 35.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. UBS Group AG increased its stake in shares of Constellium by 138.2% in the second quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock valued at $59,000 after buying an additional 2,622 shares during the period. 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 valued at $64,000 after buying an additional 757 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Constellium by 25.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,184 shares of the industrial products company’s stock valued at $94,000 after buying an additional 1,245 shares during the period. Finally, BOKF NA acquired a new position in shares of Constellium in the first quarter valued at approximately $103,000.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on CSTM shares. JPMorgan Chase & Co. decreased their price target on shares of Constellium from $24.00 to $21.00 in a research report on Friday, July 14th. Benchmark increased their price objective on Constellium from $19.00 to $24.00 in a report on Thursday, July 27th. StockNews.com raised Constellium from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets increased their price target on Constellium from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, TheStreet raised shares of Constellium from a “c+” rating to a “b-” rating in a research report on Wednesday, October 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $21.60.
Constellium Trading Down 0.6 %
NYSE CSTM opened at $16.96 on Tuesday. The business has a 50 day simple moving average of $17.01 and a 200 day simple moving average of $16.69. Constellium SE has a one year low of $11.05 and a one year high of $19.46. The stock has a market capitalization of $2.45 billion, a P/E ratio of 16.15 and a beta of 1.78. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.32 and a quick ratio of 0.56.
Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, automotive, other transportation and industrial end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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