Ecofin Ltd. Takes Position in Constellium NV (CSTM)

Ecofin Ltd. bought a new stake in shares of Constellium NV (NYSE:CSTM) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 636,196 shares of the industrial products company’s stock, valued at approximately $4,135,000. Constellium NV comprises approximately 1.1% of Ecofin Ltd.’s investment portfolio, making the stock its 20th largest position. Ecofin Ltd. owned about 0.59% of Constellium NV at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CSTM. Parametric Portfolio Associates LLC boosted its position in shares of Constellium NV by 4.7% in the first quarter. Parametric Portfolio Associates LLC now owns 175,960 shares of the industrial products company’s stock valued at $1,144,000 after buying an additional 7,863 shares in the last quarter. Boussard & Gavaudan Investment Management LLP boosted its position in shares of Constellium NV by 666.0% in the first quarter. Boussard & Gavaudan Investment Management LLP now owns 947,355 shares of the industrial products company’s stock valued at $6,347,000 after buying an additional 823,685 shares in the last quarter. Renaissance Group LLC acquired a new position in shares of Constellium NV during the first quarter valued at approximately $333,000. Prescott Group Capital Management L.L.C. acquired a new position in shares of Constellium NV during the first quarter valued at approximately $965,000. Finally, Jennison Associates LLC boosted its position in shares of Constellium NV by 2.9% in the first quarter. Jennison Associates LLC now owns 3,999,318 shares of the industrial products company’s stock valued at $25,996,000 after buying an additional 111,649 shares in the last quarter. Hedge funds and other institutional investors own 64.89% of the company’s stock.

Institutional Ownership by Quarter for Constellium NV (NYSE:CSTM)

Shares of Constellium NV (NYSE:CSTM) traded up 3.28% during trading on Friday, reaching $6.30. 365,743 shares of the company’s stock traded hands. The stock has a 50-day moving average of $6.23 and a 200-day moving average of $6.59. The company has a market capitalization of $682.50 million, a price-to-earnings ratio of 36.63 and a beta of 0.63. Constellium NV has a 1-year low of $4.02 and a 1-year high of $8.85.

Constellium NV (NYSE:CSTM) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Constellium NV had a negative net margin of 8.66% and a negative return on equity of 3.97%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities analysts predict that Constellium NV will post $0.70 EPS for the current fiscal year.

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Several brokerages have commented on CSTM. Cowen and Company decreased their price target on shares of Constellium NV from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Wednesday, April 19th. BMO Capital Markets reissued a “hold” rating and issued a $7.00 price target on shares of Constellium NV in a research report on Sunday, March 12th. Finally, Societe Generale raised shares of Constellium NV from a “hold” rating to a “buy” rating in a research report on Monday, March 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Constellium NV has an average rating of “Hold” and a consensus target price of $8.50.

Constellium NV Company Profile

Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.

12 Month Chart for NYSE:CSTM

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