Envestnet Asset Management Inc. Cuts Position in Constellium SE (NYSE:CSTM)

Envestnet Asset Management Inc. lowered its position in shares of Constellium SE (NYSE:CSTM) by 52.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 59,096 shares of the industrial products company’s stock after selling 65,276 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Constellium were worth $607,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSTM. Geneos Wealth Management Inc. purchased a new stake in Constellium during the fourth quarter worth approximately $31,000. New Age Alpha Advisors LLC acquired a new position in shares of Constellium during the 4th quarter valued at $70,000. Virtu Financial LLC purchased a new stake in Constellium during the 4th quarter worth $106,000. Cibc World Markets Corp acquired a new stake in Constellium in the 4th quarter valued at $124,000. Finally, Summit Global Investments acquired a new stake in Constellium in the 4th quarter valued at $145,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Constellium Stock Up 3.7 %

Shares of Constellium stock opened at $11.18 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a 1-year low of $7.33 and a 1-year high of $22.00. The business has a 50-day moving average of $10.12 and a 200-day moving average of $10.70. The company has a market capitalization of $1.60 billion, a PE ratio of 34.94 and a beta of 1.65.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $0.11 EPS. Constellium’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal 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.