Barclays PLC Decreases Stock Holdings in Constellium SE (NYSE:CSTM)

Barclays PLC lowered its position in shares of Constellium SE (NYSE:CSTM) by 30.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,004 shares of the industrial products company’s stock after selling 102,565 shares during the period. Barclays PLC’s holdings in Constellium were worth $2,402,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CSTM. Geneos Wealth Management Inc. bought a new position in shares of Constellium during the fourth quarter valued at about $31,000. New Age Alpha Advisors LLC bought a new position in Constellium during the 4th quarter valued at approximately $70,000. Quadrant Capital Group LLC lifted its holdings in Constellium by 25.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after buying an additional 1,645 shares during the period. Virtu Financial LLC bought a new stake in shares of Constellium in the 4th quarter worth approximately $106,000. Finally, Cibc World Markets Corp purchased a new position in shares of Constellium during the fourth quarter valued at approximately $124,000. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Up 6.6 %

Shares of NYSE:CSTM opened at $10.22 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium SE has a 52-week low of $7.33 and a 52-week high of $22.00. The firm has a market capitalization of $1.46 billion, a P/E ratio of 31.94 and a beta of 1.65. The stock has a 50 day moving average price of $10.13 and a 200-day moving average price of $10.78.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company earned $0.11 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Constellium SE will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised 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.

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.