Kennedy Capital Management LLC Sells 9,779 Shares of Constellium SE (NYSE:CSTM)

Kennedy Capital Management LLC decreased its holdings in Constellium SE (NYSE:CSTM) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 323,111 shares of the industrial products company’s stock after selling 9,779 shares during the period. Kennedy Capital Management LLC’s holdings in Constellium were worth $3,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of Constellium by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock worth $9,730,000 after acquiring an additional 124,140 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Constellium in the fourth quarter valued at $1,386,000. Barclays PLC increased its holdings in shares of 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 purchasing an additional 278,149 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Constellium by 41.7% in the fourth 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. Finally, Rockingstone Advisors LLC lifted its stake in shares of Constellium by 48.1% during the 4th quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company’s stock worth $2,577,000 after buying an additional 81,467 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Up 2.1 %

CSTM opened at $8.09 on Friday. The stock has a fifty day moving average of $10.31 and a 200-day moving average of $11.34. The company has a market capitalization of $1.16 billion, a P/E ratio of 25.28 and a beta of 1.65. Constellium SE has a fifty-two week low of $7.33 and a fifty-two week high of $22.00. 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 (NYSE:CSTM) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. On average, equities analysts expect that Constellium SE will post 1.1 EPS for the current year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.25.

About Constellium

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.