Constellium SE $CSTM Shares Sold by Kailix Advisors LLC

Kailix Advisors LLC reduced its stake in Constellium SE (NYSE:CSTM) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,103,169 shares of the industrial products company’s stock after selling 129,150 shares during the period. Constellium makes up approximately 22.3% of Kailix Advisors LLC’s investment portfolio, making the stock its biggest position. Kailix Advisors LLC owned about 0.80% of Constellium worth $16,415,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CSTM. Sequoia Financial Advisors LLC acquired a new position in Constellium in the third quarter valued at about $2,876,000. Geode Capital Management LLC boosted its holdings in shares of Constellium by 14.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock valued at $23,008,000 after purchasing an additional 214,987 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Constellium by 89.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company’s stock valued at $1,811,000 after purchasing an additional 57,337 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Constellium by 97.2% during the 3rd quarter. SG Americas Securities LLC now owns 889,288 shares of the industrial products company’s stock worth $13,233,000 after buying an additional 438,412 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC acquired a new stake in Constellium in the third quarter valued at about $1,969,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

CSTM has been the subject of a number of research reports. Wells Fargo & Company raised shares of Constellium from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $17.00 to $25.00 in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $25.00 price objective on shares of Constellium in a research note on Thursday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.00.

Constellium Trading Down 4.2%

Shares of CSTM stock opened at $23.30 on Friday. Constellium SE has a 1-year low of $7.32 and a 1-year high of $25.49. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 29.49 and a beta of 1.51. The stock has a 50-day moving average of $21.06 and a 200-day moving average of $17.22.

Constellium Company Profile

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.