Summit Global Investments Buys Shares of 14,162 Constellium SE (NYSE:CSTM)

Summit Global Investments purchased a new position in shares of Constellium SE (NYSE:CSTM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,162 shares of the industrial products company’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in shares of Constellium during the fourth quarter valued at about $31,000. Quarry LP increased its stake in Constellium by 45.3% during the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock valued at $119,000 after buying an additional 2,273 shares during the period. Cibc World Markets Corp bought a new stake in shares of Constellium during the 4th quarter worth about $124,000. Handelsbanken Fonder AB lifted its stake in shares of Constellium by 9.7% in the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,500 shares during the period. Finally, Point72 DIFC Ltd boosted its holdings in shares of Constellium by 167.5% in the third quarter. Point72 DIFC Ltd now owns 12,105 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 7,580 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Constellium Stock Down 0.9 %

NYSE CSTM opened at $11.28 on Wednesday. The company has a market capitalization of $1.62 billion, a P/E ratio of 35.25 and a beta of 1.64. Constellium SE has a 12 month low of $9.04 and a 12 month high of $23.20. The company’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $12.03. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.

Constellium (NYSE:CSTM) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Equities research analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal 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.