13,600 Shares in Constellium SE (NYSE:CSTM) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Constellium SE (NYSE:CSTM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,600 shares of the industrial products company’s stock, valued at approximately $221,000.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its position in Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 676 shares during the period. Blue Trust Inc. grew its stake in shares of Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,753 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Constellium in the second quarter valued at $85,000. Quarry LP grew its stake in shares of Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after buying an additional 3,735 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after buying an additional 933 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSTM. BMO Capital Markets dropped their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. StockNews.com cut Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and lowered their target price for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Trading Up 0.1 %

CSTM opened at $12.26 on Monday. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.57 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The business has a fifty day moving average price of $13.29 and a 200 day moving average price of $16.56.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts expect that Constellium SE will post 0.71 earnings per share for the current fiscal 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.