Kennedy Capital Management LLC Has $3.32 Million Stock Position in Constellium SE (NYSE:CSTM)

Kennedy Capital Management LLC lessened its holdings in shares of Constellium SE (NYSE:CSTM) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 323,111 shares of the industrial products company’s stock after selling 9,779 shares during the quarter. Kennedy Capital Management LLC owned 0.22% of Constellium worth $3,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management acquired a new stake in Constellium during the 4th quarter worth approximately $1,918,000. CenterBook Partners LP increased its position in shares of Constellium by 369.7% during the fourth quarter. CenterBook Partners LP now owns 709,995 shares of the industrial products company’s stock worth $7,292,000 after acquiring an additional 558,820 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Constellium during the fourth quarter worth $213,000. Renaissance Technologies LLC bought a new stake in Constellium in the 4th quarter valued at $775,000. Finally, Legal & General Group Plc boosted its stake in Constellium by 26.9% in the 4th quarter. Legal & General Group Plc now owns 37,730 shares of the industrial products company’s stock worth $387,000 after purchasing an additional 7,987 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Constellium Stock Up 2.1 %

Shares of CSTM stock opened at $8.09 on Friday. The firm’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $11.34. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a 1 year low of $7.33 and a 1 year high of $22.00. The firm has a market capitalization of $1.16 billion, a P/E ratio of 25.28 and a beta of 1.65.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.47). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, equities analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

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.