Constellium SE (NYSE:CSTM) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Constellium SE (NYSE:CSTM) by 41.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 59,521 shares of the industrial products company’s stock after acquiring an additional 17,515 shares during the period. SG Americas Securities LLC’s holdings in Constellium were worth $611,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CSTM. Mountaineer Partners Management LLC grew its position in shares of Constellium by 1,683.0% in the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after purchasing an additional 8,428,150 shares during the last quarter. FMR LLC lifted its stake in Constellium by 3.4% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after buying an additional 484,011 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Constellium during the 3rd quarter valued at $7,223,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Constellium during the third quarter worth $6,248,000. Finally, Principal Financial Group Inc. increased its position in Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after buying an additional 364,423 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSTM has been the topic of several recent research reports. BMO Capital Markets reduced their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and reduced their target price for the company from $22.00 to $12.00 in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Constellium Stock Performance

NYSE CSTM opened at $9.91 on Friday. The business’s 50-day moving average price is $10.92 and its 200 day moving average price is $13.70. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a twelve month low of $9.85 and a twelve month high of $23.20. The company has a market capitalization of $1.45 billion, a PE ratio of 13.39 and a beta of 1.69.

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.