Highland Capital Management LLC Buys Shares of 10,089 Constellium SE (NYSE:CSTM)

Highland Capital Management LLC purchased a new position in Constellium SE (NYSE:CSTM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,089 shares of the industrial products company’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently made changes to their positions in CSTM. Bank of America Corp DE raised its holdings in Constellium by 239.5% in the fourth quarter. Bank of America Corp DE now owns 1,826,280 shares of the industrial products company’s stock worth $21,605,000 after purchasing an additional 3,135,115 shares in the last quarter. Norges Bank purchased a new stake in Constellium during the fourth quarter valued at approximately $17,057,000. Millennium Management LLC boosted its stake in Constellium by 517.4% in the second quarter. Millennium Management LLC now owns 1,463,960 shares of the industrial products company’s stock valued at $19,339,000 after acquiring an additional 1,226,857 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Constellium by 2,745.7% in the third quarter. Principal Financial Group Inc. now owns 1,016,502 shares of the industrial products company’s stock worth $18,500,000 after purchasing an additional 980,781 shares during the last quarter. Finally, Scopus Asset Management L.P. increased its position in shares of Constellium by 451.7% during the second quarter. Scopus Asset Management L.P. now owns 1,129,798 shares of the industrial products company’s stock worth $19,433,000 after purchasing an additional 925,000 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Trading Up 3.9 %

Shares of NYSE:CSTM opened at $21.72 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10. Constellium SE has a 12-month low of $13.40 and a 12-month high of $21.83. The business has a 50 day moving average of $19.49 and a two-hundred day moving average of $18.31. The company has a market capitalization of $3.13 billion, a PE ratio of 23.35 and a beta of 1.69.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.23). Constellium had a net margin of 1.73% and a return on equity of 16.86%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. As a group, analysts forecast that Constellium SE will post 1.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSTM. UBS Group initiated coverage on Constellium in a research report on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, BMO Capital Markets boosted their target price on shares of Constellium from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $24.20.

Constellium Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, automotive, other transportation and industrial end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.