Private Advisor Group LLC Has $810,000 Holdings in Constellium SE (NYSE:CSTM)

Private Advisor Group LLC cut its holdings in Constellium SE (NYSE:CSTM) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,842 shares of the industrial products company’s stock after selling 4,392 shares during the quarter. Private Advisor Group LLC’s holdings in Constellium were worth $810,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Signaturefd LLC boosted its stake in Constellium by 41.5% in the third quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after buying an additional 2,805 shares in the last quarter. Blue Trust Inc. raised its position in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares during the last quarter. Net Worth Advisory Group bought a new position in Constellium in the third quarter valued at about $213,000. nVerses Capital LLC bought a new position in Constellium in the third quarter valued at about $174,000. Finally, ZWJ Investment Counsel Inc. bought a new position in Constellium in the third quarter valued at about $192,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Trading Up 2.1 %

Shares of Constellium stock opened at $11.33 on Friday. 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 SE has a 52 week low of $10.49 and a 52 week high of $23.20. The stock has a 50 day moving average price of $15.14 and a two-hundred day moving average price of $17.77. The stock has a market capitalization of $1.63 billion, a PE ratio of 15.31 and a beta of 1.59.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. As a group, equities analysts anticipate that Constellium SE will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on CSTM shares. JPMorgan Chase & Co. dropped their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and dropped their target price for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. BMO Capital Markets dropped their target price on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Constellium presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.