Bank of America Corp DE Has $1.97 Million Stock Position in Constellium SE (NYSE:CSTM)

Bank of America Corp DE decreased its holdings in shares of Constellium SE (NYSE:CSTM) by 35.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,922 shares of the industrial products company’s stock after selling 107,215 shares during the quarter. Bank of America Corp DE owned approximately 0.13% of Constellium worth $1,971,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CSTM. New Age Alpha Advisors LLC acquired a new position in shares of Constellium in the 4th quarter valued at $70,000. Quadrant Capital Group LLC increased its position in shares of Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,645 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Constellium during the 4th quarter worth about $106,000. Mariner LLC acquired a new stake in shares of Constellium during the 4th quarter worth about $107,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Constellium during the 4th quarter worth about $124,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Constellium Price Performance

Shares of CSTM opened at $12.69 on Wednesday. Constellium SE has a 1-year low of $7.33 and a 1-year high of $21.71. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 39.64 and a beta of 1.65. The company’s fifty day simple moving average is $10.30 and its 200 day simple moving average is $10.67. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, research analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

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.