Whitebox Advisors LLC Sells 153,000 Shares of Constellium SE $CSTM

Whitebox Advisors LLC trimmed its position in Constellium SE (NYSE:CSTM) by 30.6% during the first quarter, HoldingsChannel.com reports. The fund owned 346,660 shares of the industrial products company’s stock after selling 153,000 shares during the period. Whitebox Advisors LLC’s holdings in Constellium were worth $8,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management boosted its position in shares of Constellium by 33.2% during the fourth quarter. LSV Asset Management now owns 248,800 shares of the industrial products company’s stock worth $4,690,000 after purchasing an additional 62,000 shares in the last quarter. Danske Bank A S bought a new stake in shares of Constellium in the 4th quarter valued at $8,239,000. Penn Capital Management Company LLC bought a new stake in shares of Constellium in the 4th quarter valued at $6,900,000. SG Americas Securities LLC raised its stake in Constellium by 53.6% during the 1st quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock worth $36,808,000 after buying an additional 522,725 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in Constellium during the 4th quarter worth $1,387,000. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at Constellium

In related news, SVP Philip Ryan Jurkovic sold 48,784 shares of Constellium stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $32.01, for a total value of $1,561,575.84. Following the sale, the senior vice president owned 172,149 shares of the company’s stock, valued at approximately $5,510,489.49. This trade represents a 22.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philippe Hoffmann sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $31.92, for a total value of $1,596,000.00. Following the completion of the sale, the insider owned 144,153 shares in the company, valued at $4,601,363.76. The trade was a 25.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 195,153 shares of company stock valued at $6,369,312 in the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CSTM has been the subject of a number of research analyst reports. BMO Capital Markets set a $32.00 target price on Constellium and gave the company an “outperform” rating in a research note on Thursday, April 9th. UBS Group dropped their price target on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $40.00 target price on shares of Constellium in a research note on Thursday, April 30th. Finally, Wells Fargo & Company dropped their target price on shares of Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.60.

Constellium Price Performance

CSTM stock opened at $29.02 on Monday. The stock has a 50-day moving average price of $32.11 and a two-hundred day moving average price of $28.29. Constellium SE has a 1 year low of $13.04 and a 1 year high of $36.99. The stock has a market cap of $3.95 billion, a PE ratio of 9.39 and a beta of 1.55. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. Equities analysts forecast that Constellium SE will post 3.41 EPS for the current fiscal year.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.