Massachusetts Financial Services Co. MA Raises Position in Constellium SE (NYSE:CSTM)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Constellium SE (NYSE:CSTM) by 218.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,643 shares of the industrial products company’s stock after buying an additional 75,221 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.08% of Constellium worth $1,783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Constellium by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock valued at $34,490,000 after purchasing an additional 145,604 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Constellium by 29.9% during the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 1,625 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Constellium in the first quarter worth $1,106,000. Price T Rowe Associates Inc. MD increased its stake in Constellium by 1.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock valued at $37,563,000 after acquiring an additional 21,569 shares during the last quarter. Finally, Boston Partners raised its position in Constellium by 67.9% during the first quarter. Boston Partners now owns 56,950 shares of the industrial products company’s stock valued at $1,259,000 after purchasing an additional 23,033 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSTM has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. BMO Capital Markets cut their target price on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Constellium Price Performance

Shares of Constellium stock opened at $12.24 on Thursday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a one year low of $10.49 and a one year high of $23.20. The business’s 50 day simple moving average is $13.55 and its two-hundred day simple moving average is $16.70. The stock has a market capitalization of $1.77 billion, a P/E ratio of 16.47 and a beta of 1.65.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts forecast that Constellium SE will post 0.71 EPS for the current year.

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.