Millennium Management LLC lessened its stake in shares of Constellium NV (NYSE:CSTM) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,842,096 shares of the industrial products company’s stock after selling 69,550 shares during the quarter. Millennium Management LLC’s holdings in Constellium were worth $23,413,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Constellium by 24.9% in the 1st quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock valued at $33,251,000 after buying an additional 829,800 shares during the period. Quantitative Systematic Strategies LLC boosted its stake in shares of Constellium by 50.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 42,934 shares of the industrial products company’s stock valued at $431,000 after purchasing an additional 14,441 shares during the period. Signaturefd LLC acquired a new position in shares of Constellium in the second quarter valued at approximately $40,000. Janus Henderson Group PLC grew its holdings in shares of Constellium by 11.0% in the second quarter. Janus Henderson Group PLC now owns 5,252,187 shares of the industrial products company’s stock valued at $52,732,000 after purchasing an additional 521,574 shares in the last quarter. Finally, Swiss National Bank increased its stake in Constellium by 2.1% during the 2nd quarter. Swiss National Bank now owns 225,300 shares of the industrial products company’s stock worth $2,262,000 after buying an additional 4,600 shares during the period. Institutional investors and hedge funds own 83.15% of the company’s stock.
NYSE:CSTM opened at $13.76 on Tuesday. The firm has a market cap of $1.94 billion, a PE ratio of 128.54 and a beta of 1.82. The stock has a fifty day moving average price of $13.95 and a 200 day moving average price of $11.77. Constellium NV has a 12-month low of $6.26 and a 12-month high of $14.80.
Constellium (NYSE:CSTM) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.27). Constellium had a negative return on equity of 12.92% and a negative net margin of 0.28%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts anticipate that Constellium NV will post 0.37 earnings per share for the current fiscal year.
CSTM has been the topic of a number of research reports. Credit Suisse Group increased their target price on shares of Constellium from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. ValuEngine downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.
Constellium Company Profile
Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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