Restructuring Capital Associates LP purchased a new position in shares of Constellium NV (NYSE:CSTM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 360,900 shares of the industrial products company’s stock, valued at approximately $4,024,000. Constellium accounts for 2.5% of Restructuring Capital Associates LP’s investment portfolio, making the stock its 11th biggest holding. Restructuring Capital Associates LP owned about 0.34% of Constellium as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Essex Investment Management Co. LLC acquired a new stake in Constellium in the 4th quarter valued at about $115,000. Bank of New York Mellon Corp purchased a new position in shares of Constellium in the 4th quarter valued at approximately $147,000. Jane Street Group LLC purchased a new position in shares of Constellium in the 3rd quarter valued at approximately $187,000. Macquarie Group Ltd. purchased a new position in shares of Constellium in the 3rd quarter valued at approximately $227,000. Finally, Capital Fund Management S.A. purchased a new position in shares of Constellium in the 4th quarter valued at approximately $442,000. Institutional investors and hedge funds own 80.66% of the company’s stock.
Constellium NV (CSTM) traded down $0.30 during trading hours on Wednesday, hitting $11.55. The company had a trading volume of 1,198,415 shares, compared to its average volume of 1,538,371. Constellium NV has a fifty-two week low of $5.35 and a fifty-two week high of $14.10. The firm has a market capitalization of $1,590.00, a PE ratio of -29.50 and a beta of 0.86. The company has a debt-to-equity ratio of -6.34, a quick ratio of 0.68 and a current ratio of 1.26.
Constellium (NYSE:CSTM) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.87). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.28 billion. Constellium had a negative return on equity of 5.81% and a negative net margin of 0.66%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) earnings per share. equities research analysts expect that Constellium NV will post 1.1 EPS for the current fiscal year.
CSTM has been the subject of several research reports. Societe Generale cut Constellium from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Morgan Stanley set a $15.00 price target on Constellium and gave the stock a “buy” rating in a report on Wednesday, February 28th. ValuEngine downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Cowen raised Constellium from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.00 to $13.00 in a research report on Monday, November 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.25.
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Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.
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