Constellium SE (NYSE:CSTM) Shares Sold by Putnam Investments LLC

Posted by on Mar 14th, 2023

Putnam Investments LLC decreased its position in shares of Constellium SE (NYSE:CSTM – Get Rating) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,402 shares of the industrial products company’s stock after selling 2,389 shares during the quarter. Putnam Investments LLC owned approximately 0.09% of Constellium worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CSTM. Nuveen Asset Management LLC lifted its position in Constellium by 26.4% in the third quarter. Nuveen Asset Management LLC now owns 1,833,735 shares of the industrial products company’s stock valued at $18,594,000 after buying an additional 382,902 shares during the last quarter. Wolverine Asset Management LLC lifted its position in Constellium by 111.4% in the third quarter. Wolverine Asset Management LLC now owns 17,648 shares of the industrial products company’s stock valued at $178,000 after buying an additional 9,300 shares during the last quarter. Penn Capital Management Company LLC lifted its position in Constellium by 2.8% in the second quarter. Penn Capital Management Company LLC now owns 95,733 shares of the industrial products company’s stock valued at $1,265,000 after buying an additional 2,576 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Constellium by 23.8% in the third quarter. SummerHaven Investment Management LLC now owns 59,074 shares of the industrial products company’s stock valued at $599,000 after buying an additional 11,350 shares during the last quarter. Finally, Amundi lifted its position in Constellium by 11.4% in the second quarter. Amundi now owns 72,736 shares of the industrial products company’s stock valued at $945,000 after buying an additional 7,464 shares during the last quarter. Institutional investors and hedge funds own 92.86% of the company’s stock.

Constellium Stock Down 4.2 %

Shares of CSTM opened at $14.29 on Tuesday. The stock has a market capitalization of $2.02 billion, a PE ratio of 6.61 and a beta of 1.92. Constellium SE has a 1 year low of $9.82 and a 1 year high of $19.21. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.43 and a current ratio of 1.21. The company’s 50-day simple moving average is $14.51 and its 200-day simple moving average is $12.79.

Constellium (NYSE:CSTM – Get Rating) last released its earnings results on Wednesday, February 22nd. The industrial products company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Constellium had a return on equity of 53.55% and a net margin of 3.81%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts forecast that Constellium SE will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CSTM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Constellium from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, February 23rd. BMO Capital Markets upped their target price on shares of Constellium from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $22.00 price target on shares of Constellium in a research report on Thursday, February 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Constellium currently has a consensus rating of “Moderate Buy” and an average price target of $18.75.

Constellium Company Profile

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Constellium SE operates as a holding company with interest in the design and manufacture of a range of specialty rolled, and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. The company operates through the following segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

See Also

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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