Clearline Capital LP Purchases Shares of 57,853 Constellium SE (NYSE:CSTM)

Clearline Capital LP acquired a new position in Constellium SE (NYSE:CSTM) during the 2nd quarter, Holdings Channel reports. The firm acquired 57,853 shares of the industrial products company’s stock, valued at approximately $1,091,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSTM. CWM LLC raised 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. Point72 DIFC Ltd bought a new stake in shares of Constellium during the 2nd quarter valued at $85,000. Signaturefd LLC increased its stake in shares of Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 933 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 1,625 shares during the period. Finally, Legacy Capital Group California Inc. purchased a new position in Constellium during the second quarter valued at $193,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CSTM. JPMorgan Chase & Co. reduced their price target on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. BMO Capital Markets cut their price objective on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $25.00.

Constellium Stock Performance

NYSE CSTM opened at $16.84 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. Constellium SE has a twelve month low of $14.12 and a twelve month high of $23.20. The business has a 50-day moving average price of $16.44 and a 200-day moving average price of $19.08. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 18.71 and a beta of 1.60.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. As a group, equities research analysts predict that Constellium SE will post 1.6 EPS 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.