Sei Investments Co. decreased its stake in Constellium N.V. (NYSE:CSTM) by 8.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 267,521 shares of the industrial products company’s stock after selling 25,000 shares during the period. Sei Investments Co. owned about 0.25% of Constellium N.V. worth $1,739,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Constellium N.V. by 287.6% in the first quarter. Wells Fargo & Company MN now owns 126,687 shares of the industrial products company’s stock valued at $824,000 after buying an additional 93,999 shares during the last quarter. Rubric Capital Management LP purchased a new position in Constellium N.V. during the first quarter worth $6,825,000. Ellington Management Group LLC raised its position in Constellium N.V. by 205.2% in the fourth quarter. Ellington Management Group LLC now owns 53,100 shares of the industrial products company’s stock worth $313,000 after buying an additional 35,700 shares in the last quarter. Sound Point Capital Management LP bought a new position in shares of Constellium N.V. during the fourth quarter worth approximately $9,195,000. Finally, Bogle Investment Management L P DE bought a new position in shares of Constellium N.V. during the fourth quarter worth approximately $131,000. Hedge funds and other institutional investors own 59.99% of the company’s stock.
Shares of Constellium N.V. (CSTM) opened at 6.65 on Monday. Constellium N.V. has a 1-year low of $4.02 and a 1-year high of $8.85. The firm has a market cap of $720.41 million, a PE ratio of 37.78 and a beta of 0.71. The stock’s 50 day moving average is $6.75 and its 200-day moving average is $6.73.
Constellium N.V. (NYSE:CSTM) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Constellium N.V. had a net margin of 0.35% and a negative return on equity of 2.96%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted ($0.08) earnings per share. Constellium N.V.’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts expect that Constellium N.V. will post $0.75 earnings per share for the current year.
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A number of analysts recently weighed in on CSTM shares. Societe Generale raised shares of Constellium N.V. from a “hold” rating to a “buy” rating in a research note on Monday, March 27th. BMO Capital Markets reissued a “hold” rating and set a $7.00 price target on shares of Constellium N.V. in a research note on Sunday, March 12th. Finally, Cowen and Company cut their price objective on shares of Constellium N.V. from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.50.
About Constellium N.V.
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.
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