12,120 Shares in Constellium SE (NYSE:CSTM) Purchased by Cibc World Markets Corp

Cibc World Markets Corp purchased a new stake in Constellium SE (NYSE:CSTM) in the 4th quarter, Holdings Channel reports. The firm purchased 12,120 shares of the industrial products company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in Constellium in the fourth quarter valued at approximately $31,000. Quarry LP boosted its holdings in shares of Constellium by 45.3% in 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 during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,500 shares during the period. Point72 DIFC Ltd increased its holdings in shares of Constellium by 167.5% during the 3rd quarter. Point72 DIFC Ltd now owns 12,105 shares of the industrial products company’s stock worth $197,000 after buying an additional 7,580 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Constellium in the 4th quarter worth $213,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Down 0.7 %

Shares of Constellium stock opened at $10.87 on Friday. The company has a fifty day moving average price of $10.64 and a 200 day moving average price of $12.02. 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 twelve month low of $9.04 and a twelve month high of $23.20. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 33.95 and a beta of 1.64.

Constellium (NYSE:CSTM) last posted its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. Equities research analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.25.

Constellium Company 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.