Massachusetts Financial Services Co. MA Increases Stake in Constellium SE (NYSE:CSTM)

Massachusetts Financial Services Co. MA increased its stake in Constellium SE (NYSE:CSTM) by 218.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,643 shares of the industrial products company’s stock after buying an additional 75,221 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Constellium were worth $1,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC bought a new position in shares of Constellium in the 3rd quarter worth approximately $594,000. Advisors Asset Management Inc. grew its stake in Constellium by 4.5% in the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 1,079 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Constellium in the third quarter worth $221,000. Thrivent Financial for Lutherans purchased a new position in Constellium during the third quarter valued at $7,223,000. Finally, MQS Management LLC bought a new stake in shares of Constellium during the 3rd quarter valued at $253,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Price Performance

Shares of CSTM opened at $12.24 on Thursday. Constellium SE has a twelve month low of $10.49 and a twelve month high of $23.20. The company has a market capitalization of $1.77 billion, a P/E ratio of 16.47 and a beta of 1.65. The firm has a 50 day moving average of $13.55 and a 200 day moving average of $16.70. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS 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 10.83% and a net margin of 1.47%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. As a group, equities research analysts anticipate that Constellium SE will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. BMO Capital Markets lowered their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com cut 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 four have assigned a buy rating to the company. Based on data from MarketBeat, Constellium currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

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.