Constellium SE (NYSE:CSTM) Shares Sold by &Partners

&Partners trimmed its stake in shares of Constellium SE (NYSE:CSTM) by 44.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,800 shares of the industrial products company’s stock after selling 24,570 shares during the period. &Partners’ holdings in Constellium were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SummerHaven Investment Management LLC increased its holdings in Constellium by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock valued at $794,000 after buying an additional 698 shares in the last quarter. Legacy Capital Group California Inc. acquired a new position in Constellium during the second quarter worth $193,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock valued at $63,339,000 after purchasing an additional 257,618 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Constellium in the second quarter valued at about $195,000. Finally, CWM LLC increased its stake in shares of Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSTM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. BMO Capital Markets lowered their price target on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Constellium presently has a consensus rating of “Buy” and a consensus target price of $25.00.

Constellium Trading Up 4.0 %

Shares of NYSE CSTM opened at $16.57 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $2.39 billion, a PE ratio of 18.41 and a beta of 1.60. Constellium SE has a twelve month low of $14.12 and a twelve month high of $23.20. The stock has a fifty day simple moving average of $17.84 and a 200-day simple moving average of $19.56.

Constellium (NYSE:CSTM) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. Constellium’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, equities analysts forecast that Constellium SE will post 1.6 earnings per share for the current year.

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.