Charles Schwab Investment Management Inc. Decreases Holdings in Constellium SE (NYSE:CSTM)

Charles Schwab Investment Management Inc. cut its stake in shares of Constellium SE (NYSE:CSTM) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 924,144 shares of the industrial products company’s stock after selling 232,871 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Constellium were worth $9,491,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its stake in Constellium by 3.4% during 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 during the last quarter. Mountaineer Partners Management LLC increased its stake in shares of Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after purchasing an additional 8,428,150 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Constellium by 35.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after purchasing an additional 364,423 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Constellium in the 4th quarter worth $5,856,000. Finally, ArrowMark Colorado Holdings LLC increased its stake in shares of Constellium by 25.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 528,913 shares of the industrial products company’s stock worth $8,600,000 after purchasing an additional 107,000 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Constellium Trading Down 3.5 %

NYSE:CSTM opened at $11.35 on Friday. 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 firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 35.46 and a beta of 1.64. Constellium SE has a one year low of $9.04 and a one year high of $23.20. The business has a fifty day moving average price of $10.60 and a 200-day moving average price of $12.13.

Constellium (NYSE:CSTM) last issued its earnings results 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). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. Sell-side analysts forecast that Constellium SE will post 1.1 EPS for the current year.

Constellium 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.