Victory Capital Management Inc. Sells 6,200 Shares of Constellium SE (NYSE:CSTM)

Posted by on May 27th, 2023

Victory Capital Management Inc. trimmed its stake in Constellium SE (NYSE:CSTM – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 595,680 shares of the industrial products company’s stock after selling 6,200 shares during the period. Victory Capital Management Inc. owned approximately 0.42% of Constellium worth $7,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisor Group Holdings Inc. grew its stake in Constellium by 26.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock worth $64,000 after buying an additional 757 shares in the last quarter. UBS Group AG increased its stake in Constellium by 138.2% in the second quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 2,622 shares during the last quarter. Covestor Ltd purchased a new stake in Constellium during the first quarter valued at about $110,000. Highland Capital Management LLC bought a new stake in Constellium during the fourth quarter worth about $122,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Constellium in the 1st quarter worth about $197,000. 92.86% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

Shares of Constellium stock opened at $15.36 on Friday. The company’s fifty day simple moving average is $14.71 and its two-hundred day simple moving average is $13.86. Constellium SE has a 12-month low of $9.82 and a 12-month high of $17.57. The firm has a market cap of $2.22 billion, a PE ratio of 15.67 and a beta of 1.88. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 2.46.

Constellium (NYSE:CSTM – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Constellium had a net margin of 1.74% and a return on equity of 34.80%. As a group, equities analysts expect that Constellium SE will post 1.32 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CSTM. JPMorgan Chase & Co. began coverage on Constellium in a report on Monday, May 8th. They set an “overweight” rating and a $24.00 price objective on the stock. Credit Suisse Group restated an “outperform” rating and issued a $22.00 price objective on shares of Constellium in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Constellium from $18.00 to $19.00 in a report on Thursday, April 27th. StockNews.com started coverage on shares of Constellium in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, 58.com reaffirmed an “initiates” rating on shares of Constellium in a research note on Monday, May 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

About Constellium

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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 and Automotive Rolled Products, Aerospace and Transportation, and Automotive Structures and Industry.

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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