Constellium SE (NYSE:CSTM) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Constellium SE (NYSE:CSTM) by 112.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 77,563 shares of the industrial products company’s stock after buying an additional 41,029 shares during the period. Intech Investment Management LLC’s holdings in Constellium were worth $797,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in shares of Constellium in the 4th quarter valued at approximately $31,000. Quarry LP increased its stake in Constellium by 45.3% during the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 2,273 shares in the last quarter. Cibc World Markets Corp purchased a new position in shares of Constellium in the fourth quarter worth $124,000. Handelsbanken Fonder AB lifted its stake 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 buying an additional 1,500 shares during the period. Finally, Point72 DIFC Ltd grew its holdings in shares of Constellium by 167.5% during the third quarter. Point72 DIFC Ltd now owns 12,105 shares of the industrial products company’s stock valued at $197,000 after buying an additional 7,580 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

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

Constellium Stock Performance

CSTM opened at $11.35 on Monday. 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 12-month low of $9.04 and a 12-month high of $23.20. The firm has a 50 day moving average of $10.60 and a two-hundred day moving average of $12.10. The firm has a market capitalization of $1.63 billion, a PE ratio of 35.46 and a beta of 1.64.

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