Balyasny Asset Management L.P. Sells 16,568 Shares of Constellium SE (NYSE:CSTM)

Balyasny Asset Management L.P. reduced its position in Constellium SE (NYSE:CSTM) by 62.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,034 shares of the industrial products company’s stock after selling 16,568 shares during the period. Balyasny Asset Management L.P.’s holdings in Constellium were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CSTM. Barclays PLC lifted its holdings in Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock valued at $5,473,000 after acquiring an additional 278,149 shares during the period. SG Americas Securities LLC grew its stake in shares of Constellium by 41.7% during the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 17,515 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Constellium during the 4th quarter valued at about $31,000. State of Alaska Department of Revenue bought a new position in shares of Constellium in the 4th quarter worth approximately $1,386,000. Finally, Empowered Funds LLC bought a new position in shares of Constellium in the 4th quarter worth approximately $5,856,000. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, February 25th.

Constellium Stock Performance

NYSE:CSTM opened at $11.78 on Monday. 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 stock has a 50-day simple moving average of $10.18 and a two-hundred day simple moving average of $10.62. The firm has a market capitalization of $1.68 billion, a PE ratio of 36.80 and a beta of 1.65. Constellium SE has a 52-week low of $7.33 and a 52-week high of $22.00.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.19. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. Analysts forecast that Constellium SE will post 1.1 EPS for the current year.

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.