Constellium SE (NYSE:CSTM) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its holdings in shares of Constellium SE (NYSE:CSTM) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,681 shares of the industrial products company’s stock after purchasing an additional 15,038 shares during the period. Massachusetts Financial Services Co. MA owned 0.08% of Constellium worth $1,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new position in Constellium during the 4th quarter worth $31,000. New Age Alpha Advisors LLC purchased a new stake in shares of Constellium during the fourth quarter worth about $70,000. Virtu Financial LLC purchased a new stake in shares of Constellium during the fourth quarter worth about $106,000. Cibc World Markets Corp acquired a new position in shares of Constellium during the fourth quarter valued at about $124,000. Finally, Summit Global Investments purchased a new position in shares of Constellium in the 4th quarter valued at approximately $145,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

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 report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Constellium Trading Down 4.3 %

Shares of NYSE:CSTM opened at $7.64 on Wednesday. The business has a 50-day moving average price of $10.42 and a 200-day moving average price of $11.52. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 23.89 and a beta of 1.65. Constellium SE has a 52-week low of $7.45 and a 52-week high of $22.91. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last posted its quarterly 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 business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. Equities analysts predict 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.