Envestnet Asset Management Inc. Sells 8,473 Shares of Constellium SE $CSTM

Envestnet Asset Management Inc. lessened its position in shares of Constellium SE (NYSE:CSTM) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,090 shares of the industrial products company’s stock after selling 8,473 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Constellium were worth $759,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CSTM. Cerity Partners LLC bought a new stake in shares of Constellium during the 1st quarter valued at about $146,000. CWM LLC boosted its holdings in shares of Constellium by 91.5% in the first quarter. CWM LLC now owns 6,842 shares of the industrial products company’s stock worth $69,000 after buying an additional 3,269 shares during the last quarter. Private Advisor Group LLC grew its position in Constellium by 148.2% during the first quarter. Private Advisor Group LLC now owns 99,685 shares of the industrial products company’s stock valued at $1,006,000 after buying an additional 59,527 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Constellium during the first quarter valued at approximately $38,000. Finally, XTX Topco Ltd purchased a new stake in Constellium during the first quarter valued at approximately $230,000. Institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 1.4%

Shares of CSTM stock opened at $15.35 on Monday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. The stock has a fifty day simple moving average of $15.54 and a two-hundred day simple moving average of $14.22. The firm has a market capitalization of $2.12 billion, a PE ratio of 19.44 and a beta of 1.77. Constellium SE has a 52-week low of $7.32 and a 52-week high of $18.01.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.25. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the company posted $0.02 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CSTM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research note on Wednesday. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Wells Fargo & Company boosted their price target on Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.00.

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.