2 weeks Ago By Defense World Staff
Xponance Inc. cut its stake in Constellium SE (NYSE:CSTM – Free Report) by 40.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 12,507 shares of the industrial products company’s stock after selling 8,670 shares during the period. Xponance Inc.’s holdings in Constellium were worth $128,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its position in Constellium by 15.
1% in the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock valued at $9,730,000 after acquiring an additional 124,140 shares during the period.
Maverick Capital Ltd. acquired a new stake in shares of Constellium during the 3rd quarter worth about $1,372,000. State of Alaska Department of Revenue bought a new position in Constellium during the 4th quarter valued at about $1,386,000.
Barclays PLC boosted its position in 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 buying an additional 278,149 shares in the last quarter.
Finally, SG Americas Securities LLC grew its stake in Constellium by 41.7% during the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company’s stock worth $611,000 after buying an additional 17,515 shares during the last quarter.
92.59% of the stock is owned by institutional investors and hedge funds. Constellium Stock PerformanceConstellium stock opened at $10.
30 on Friday. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.
20. The stock has a 50-day simple moving average of $10.63 and a 200 day simple moving average of $11.
95. The company has a quick ratio of 0.52, a current ratio of 1.
28 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $1.
48 billion, a price-to-earnings ratio of 32.17 and a beta of 1.64.
Constellium (NYSE:CSTM – Get Free Report) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.
13 by ($0.47). Constellium had a return on equity of 4.
83% and a net margin of 0.67%. The company had revenue of $1.
72 billion during the quarter, compared to the consensus estimate of $1.69 billion. On average, research analysts anticipate that Constellium SE will post 1.
1 earnings per share for the current fiscal year. Wall Street Analyst Weigh InSeparately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, February 25th.
One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.
25.Get Our Latest Stock Report on CSTMConstellium Profile (Free Report)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.
Read MoreFive stocks we like better than ConstelliumHow to buy stock: A step-by-step guide for beginners MarketBeat Week in Review – 03/24 – 03/28When to Sell a Stock for Profit or LossShould You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowStock Market Sectors: What Are They and How Many Are There? 4 Healthcare Stocks With Massive Gains—and More to ComeWant to see what other hedge funds are holding CSTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellium SE (NYSE:CSTM – Free Report)..
