Constellium SE (NYSE:CSTM) Stock Position Trimmed by Kailix Advisors LLC

Kailix Advisors LLC cut its holdings in shares of Constellium SE (NYSE:CSTM) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 997,027 shares of the industrial products company’s stock after selling 174,188 shares during the quarter. Constellium comprises approximately 11.2% of Kailix Advisors LLC’s portfolio, making the stock its 4th biggest holding. Kailix Advisors LLC owned approximately 0.69% of Constellium worth $19,901,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CSTM. Vaughan Nelson Investment Management L.P. lifted its position in Constellium by 84.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock worth $51,860,000 after buying an additional 1,192,105 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Constellium by 2,745.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,016,502 shares of the industrial products company’s stock valued at $18,500,000 after purchasing an additional 980,781 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Constellium by 983.5% in the 3rd quarter. Federated Hermes Inc. now owns 619,676 shares of the industrial products company’s stock valued at $11,278,000 after purchasing an additional 562,484 shares in the last quarter. Brightline Capital Management LLC acquired a new position in shares of Constellium in the 3rd quarter valued at about $8,772,000. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in shares of Constellium in the 4th quarter valued at about $8,816,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Up 1.6 %

CSTM stock traded up $0.33 during midday trading on Friday, hitting $20.70. 910,407 shares of the company’s stock were exchanged, compared to its average volume of 957,925. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.01. Constellium SE has a 12-month low of $13.77 and a 12-month high of $23.20. The firm has a 50 day moving average price of $20.63 and a 200-day moving average price of $18.94. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 23.00 and a beta of 1.71.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). Constellium had a return on equity of 15.68% and a net margin of 1.73%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.71 billion. On average, analysts anticipate that Constellium SE will post 1.79 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group assumed coverage on Constellium in a research note on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Constellium from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday. Benchmark reissued a “buy” rating and set a $24.00 price target on shares of Constellium in a research report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $25.40.

Constellium Company Profile

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.