Geneos Wealth Management Inc. Makes New $31,000 Investment in Constellium SE (NYSE:CSTM)

Geneos Wealth Management Inc. bought a new stake in shares of Constellium SE (NYSE:CSTM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the industrial products company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its stake in Constellium by 3.4% during the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after acquiring an additional 484,011 shares during the last quarter. Mountaineer Partners Management LLC increased its position in shares of Constellium by 1,683.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after purchasing an additional 8,428,150 shares during the last quarter. Kailix Advisors LLC raised its holdings in Constellium by 14.8% during the 3rd quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company’s stock valued at $26,998,000 after buying an additional 213,763 shares during the period. Principal Financial Group Inc. raised its holdings in Constellium by 35.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock valued at $22,693,000 after buying an additional 364,423 shares during the period. Finally, Millennium Management LLC lifted its position in Constellium by 29.9% in the second quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company’s stock worth $22,127,000 after buying an additional 270,475 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CSTM. JPMorgan Chase & Co. cut their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $12.00 in a report on Thursday, October 24th. BMO Capital Markets decreased their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, StockNews.com cut Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Constellium Trading Up 0.4 %

CSTM stock opened at $9.93 on Friday. Constellium SE has a 12 month low of $9.83 and a 12 month high of $23.20. The firm’s 50-day moving average is $10.87 and its 200 day moving average is $13.59. The company has a market capitalization of $1.46 billion, a PE ratio of 13.42 and a beta of 1.69. 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 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.