Concurrent Investment Advisors LLC Makes New Investment in Constellium SE $CSTM

by · The Cerbat Gem

Concurrent Investment Advisors LLC bought a new position in shares of Constellium SE (NYSE:CSTM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 97,785 shares of the industrial products company’s stock, valued at approximately $3,116,000.

A number of other large investors have also made changes to their positions in CSTM. Orion Capital Management LLC acquired a new stake in shares of Constellium in the second quarter valued at approximately $32,000. Allworth Financial LP boosted its stake in Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after buying an additional 714 shares during the last quarter. USA Financial Formulas grew its holdings in Constellium by 94.9% in the 1st quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company’s stock valued at $55,000 after buying an additional 1,097 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Constellium by 34.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after buying an additional 803 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Constellium by 53.7% in the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Performance

Shares of Constellium stock opened at $27.17 on Tuesday. Constellium SE has a 52 week low of $13.60 and a 52 week high of $36.99. The business’s fifty day simple moving average is $28.56 and its 200-day simple moving average is $29.43. The firm has a market cap of $3.68 billion, a PE ratio of 7.00 and a beta of 1.55. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50.

Constellium (NYSE:CSTM – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The company’s revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. Equities analysts forecast that Constellium SE will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jean-Christophe Deslarzes bought 1,490 shares of the stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $27.24 per share, with a total value of $40,587.60. Following the completion of the purchase, the director directly owned 43,515 shares in the company, valued at $1,185,348.60. This represents a 3.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CSTM shares. UBS Group reduced their price target on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Wells Fargo & Company upped their price objective on shares of Constellium from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of Constellium in a research report on Thursday, July 30th. Zacks Research downgraded shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.80.

View Our Latest Report on Constellium

About Constellium

(Free Report)

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.

Further Reading

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