Constellium SE $CSTM Shares Sold by Beaconlight Capital LLC

by · The Markets Daily

Beaconlight Capital LLC reduced its position in shares of Constellium SE (NYSE:CSTM – Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 928,535 shares of the industrial products company’s stock after selling 34,844 shares during the period. Constellium comprises approximately 7.0% of Beaconlight Capital LLC’s holdings, making the stock its 6th largest holding. Beaconlight Capital LLC’s holdings in Constellium were worth $12,350,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Constellium by 65.8% in the 1st quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company’s stock worth $41,525,000 after buying an additional 1,633,561 shares during the last quarter. Geode Capital Management LLC raised its stake in Constellium by 14.2% during the second quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock worth $23,008,000 after acquiring an additional 214,987 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in Constellium by 133.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 46,868 shares of the industrial products company’s stock worth $473,000 after acquiring an additional 26,817 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Constellium in the second quarter valued at approximately $482,000. Finally, Strs Ohio bought a new position in shares of Constellium during the first quarter valued at approximately $620,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Price Performance

Shares of NYSE CSTM opened at $18.33 on Friday. The stock has a market cap of $2.53 billion, a P/E ratio of 23.20 and a beta of 1.55. The firm’s 50-day simple moving average is $16.16 and its 200 day simple moving average is $14.75. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $18.75. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29.

Constellium (NYSE:CSTM – Get Free Report) last released its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.37 by $0.25. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. Constellium’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $0.02 EPS. Equities analysts expect that Constellium SE will post 1.1 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CSTM. JPMorgan Chase & Co. raised their price target on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research note on Monday. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company boosted their target price on shares of Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Constellium currently has a consensus rating of “Hold” and an average target price of $18.00.

View Our Latest Research Report on CSTM

Constellium Profile

(Free Report)

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.

Further Reading

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