2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. reduced its position in Constellium SE ( NYSE:CSTM – Free Report ) by 29.9% during the fourth quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 281,330 shares of the industrial products company’s stock after selling 120,193 shares during the period. Russell Investments Group Ltd.’s holdings in Constellium were worth $2,889,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Handelsbanken Fonder AB increased its position in shares of Constellium by 9.7% during the fourth quarter.
Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Constellium in the fourth quarter worth about $31,000.
Allspring Global Investments Holdings LLC grew its stake in shares of Constellium by 16.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,311 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 4,937 shares during the last quarter.
New Age Alpha Advisors LLC acquired a new position in shares of Constellium during the fourth quarter valued at about $70,000. Finally, Virtu Financial LLC purchased a new position in shares of Constellium in the 4th quarter valued at approximately $106,000. Institutional investors own 92.
59% of the company’s stock. Analysts Set New Price Targets Separately, Deutsche Bank Aktiengesellschaft upgraded shares of 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Constellium currently has a consensus rating of “Moderate Buy” and an average price target of $20.25.
Constellium Price Performance Shares of NYSE CSTM opened at $8.59 on Friday. Constellium SE has a 52 week low of $7.
33 and a 52 week high of $22.00. 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 firm has a market cap of $1.23 billion, a P/E ratio of 26.83 and a beta of 1.
65. The business’s 50 day moving average price is $10.21 and its 200 day moving average price is $11.
15. Constellium ( NYSE:CSTM – Get Free Report ) last released its quarterly earnings data 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).
The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion.
Constellium had a return on equity of 4.83% and a net margin of 0.67%.
On average, sell-side analysts expect that Constellium SE will post 1.1 earnings per share for the current year. Constellium 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. See Also Want 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 ).
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