Corient Private Wealth LLC Buys Shares of 99,658 Constellium SE $CSTM

Corient Private Wealth LLC purchased a new position in shares of Constellium SE (NYSE:CSTM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 99,658 shares of the industrial products company’s stock, valued at approximately $1,325,000. Corient Private Wealth LLC owned about 0.07% of Constellium at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV purchased a new position in Constellium during the second quarter valued at $56,000. EMC Capital Management purchased a new stake in Constellium in the second quarter worth about $135,000. PharVision Advisers LLC bought a new position in shares of Constellium in the second quarter worth about $147,000. Ieq Capital LLC purchased a new position in shares of Constellium during the 1st quarter valued at about $157,000. Finally, Magnetar Financial LLC purchased a new position in shares of Constellium during the 2nd quarter valued at about $168,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Constellium Stock Performance

Shares of NYSE CSTM opened at $18.90 on Thursday. The company has a market cap of $2.60 billion, a P/E ratio of 23.92 and a beta of 1.55. Constellium SE has a 52-week low of $7.32 and a 52-week high of $19.38. 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 firm’s fifty day moving average is $16.71 and its two-hundred day moving average is $15.10.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, beating 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 last year, the business posted $0.02 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, analysts anticipate that Constellium SE will post 1.1 EPS for the current fiscal year.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.