Connor Clark & Lunn Investment Management Ltd. bought a new position in Constellium SE (NYSE:CSTM – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 152,729 shares of the industrial products company’s stock, valued at approximately $1,807,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.11% of Constellium as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of CSTM. UBS Group AG raised its position in Constellium by 138.2% in the 2nd quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock worth $59,000 after buying an additional 2,622 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of Constellium by 26.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 757 shares during the last quarter. Covestor Ltd purchased a new stake in shares of Constellium during the 1st quarter valued at about $110,000. Royal Bank of Canada increased its position in shares of Constellium by 10.5% during the 3rd quarter. Royal Bank of Canada now owns 11,508 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 1,093 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Constellium by 11.0% during the 3rd quarter. Signaturefd LLC now owns 11,762 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 1,162 shares during the last quarter. Hedge funds and other institutional investors own 92.86% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. 58.com reissued an “initiates” rating on shares of Constellium in a report on Monday, May 8th. JPMorgan Chase & Co. assumed coverage on shares of Constellium in a report on Monday, May 8th. They issued an “overweight” rating and a $24.00 target price for the company. StockNews.com started coverage on shares of Constellium in a report on Thursday, May 18th. They issued a “hold” rating for the company. Credit Suisse Group restated an “outperform” rating and issued a $22.00 price target on shares of Constellium in a research note on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Constellium from $18.00 to $19.00 in a research note on Thursday, April 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.
Constellium Stock Up 1.7 %
Constellium (NYSE:CSTM – Get Rating) last issued 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 company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.68 billion. Constellium had a return on equity of 34.80% and a net margin of 1.74%. As a group, equities analysts predict that Constellium SE will post 1.32 EPS for the current fiscal year.
About Constellium
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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