Rockingstone Advisors LLC Acquires 81,467 Shares of Constellium SE (NYSE:CSTM)

Rockingstone Advisors LLC boosted its holdings in shares of Constellium SE (NYSE:CSTM) by 48.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 250,917 shares of the industrial products company’s stock after buying an additional 81,467 shares during the quarter. Rockingstone Advisors LLC’s holdings in Constellium were worth $2,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its holdings in Constellium by 4.5% during the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 1,079 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Constellium by 9.1% during the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock valued at $226,000 after buying an additional 1,162 shares in the last quarter. Highland Capital Management LLC lifted its stake in shares of Constellium by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock valued at $219,000 after buying an additional 1,233 shares in the last quarter. Blue Trust Inc. boosted its holdings in Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,753 shares during the period. Finally, Quarry LP increased its stake in Constellium by 45.3% in the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock worth $119,000 after buying an additional 2,273 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

Shares of NYSE CSTM opened at $10.83 on Thursday. Constellium SE has a fifty-two week low of $9.95 and a fifty-two week high of $23.20. The company has a market cap of $1.56 billion, a PE ratio of 14.64 and a beta of 1.69. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The business has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $14.33.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts expect that Constellium SE will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CSTM shares. BMO Capital Markets lowered their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and reduced their price objective for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.00.

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.