Ballentine Partners LLC Invests $168,000 in Constellium SE (NYSE:CSTM)

Ballentine Partners LLC purchased a new position in Constellium SE (NYSE:CSTM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,340 shares of the industrial products company’s stock, valued at approximately $168,000.

Several other hedge funds have also recently modified their holdings of CSTM. Quent Capital LLC purchased a new position in shares of Constellium in the first quarter worth $207,000. GSA Capital Partners LLP increased its position in Constellium by 79.1% during the first quarter. GSA Capital Partners LLP now owns 45,048 shares of the industrial products company’s stock valued at $996,000 after acquiring an additional 19,897 shares during the last quarter. Sei Investments Co. increased its position in Constellium by 170.2% during the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock valued at $6,183,000 after acquiring an additional 176,158 shares during the last quarter. Russell Investments Group Ltd. increased its position in Constellium by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 156,055 shares of the industrial products company’s stock valued at $3,450,000 after acquiring an additional 3,380 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Constellium by 7.6% during the first quarter. ProShare Advisors LLC now owns 25,680 shares of the industrial products company’s stock valued at $568,000 after acquiring an additional 1,822 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

CSTM has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. BMO Capital Markets reduced their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, StockNews.com cut Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.00.

Constellium Stock Performance

Shares of CSTM opened at $11.40 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. The business has a 50-day simple moving average of $15.44 and a two-hundred day simple moving average of $17.93. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 12.67 and a beta of 1.59. Constellium SE has a 52 week low of $10.49 and a 52 week high of $23.20.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. On average, analysts expect that Constellium SE will post 1.54 EPS for the current year.

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.