Geode Capital Management LLC Has $15.22 Million Holdings in Constellium SE (NYSE:CSTM)

Geode Capital Management LLC trimmed its holdings in Constellium SE (NYSE:CSTM) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,482,036 shares of the industrial products company’s stock after selling 8,573 shares during the period. Geode Capital Management LLC owned 1.01% of Constellium worth $15,221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSTM. Barclays PLC grew its stake in shares of Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock valued at $5,473,000 after acquiring an additional 278,149 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Constellium by 19.5% in the 3rd quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company’s stock valued at $2,661,000 after purchasing an additional 26,686 shares during the period. Principal Financial Group Inc. grew its position in shares of Constellium by 35.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after purchasing an additional 364,423 shares in the last quarter. Rockingstone Advisors LLC increased its holdings in shares of Constellium by 48.1% during the fourth quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company’s stock worth $2,577,000 after purchasing an additional 81,467 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Constellium by 41.7% in the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company’s stock valued at $611,000 after buying an additional 17,515 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, February 25th.

Constellium Price Performance

Shares of NYSE CSTM opened at $8.59 on Monday. The company has a market capitalization of $1.23 billion, a PE ratio of 26.83 and a beta of 1.65. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium SE has a twelve month low of $7.33 and a twelve month high of $22.00. The firm has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $11.03.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. On average, sell-side analysts forecast that Constellium SE will post 1.1 EPS for the current year.

Constellium Company 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.