Monaco Asset Management SAM Takes Position in Constellium SE (NYSE:CSTM)

Monaco Asset Management SAM acquired a new position in shares of Constellium SE (NYSE:CSTM) during the 4th quarter, Holdings Channel reports. The firm acquired 96,495 shares of the industrial products company’s stock, valued at approximately $991,000.

Several other institutional investors also recently modified their holdings of CSTM. Mountaineer Partners Management LLC lifted its holdings in shares of Constellium by 1,683.0% during the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after buying an additional 8,428,150 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Constellium in the 4th quarter valued at $5,856,000. FMR LLC boosted its holdings in shares of Constellium by 3.4% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after purchasing an additional 484,011 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Constellium in the 3rd quarter valued at $7,223,000. Finally, Kailix Advisors LLC grew its stake in shares of Constellium by 25.6% during the fourth quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company’s stock worth $21,415,000 after buying an additional 424,779 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Price Performance

CSTM stock opened at $11.86 on Friday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 37.05 and a beta of 1.64. 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 company’s fifty day simple moving average is $10.40 and its 200 day simple moving average is $12.36. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.20.

Constellium (NYSE:CSTM) last announced its 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). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. On average, analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price 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 issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.25.

Constellium Profile

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.