Voya Investment Management LLC Decreases Stock Position in Constellium SE (NYSE:CSTM)

Voya Investment Management LLC lessened its stake in shares of Constellium SE (NYSE:CSTM) by 55.4% in the 4th quarter, Holdings Channel reports. The firm owned 189,664 shares of the industrial products company’s stock after selling 235,514 shares during the period. Voya Investment Management LLC’s holdings in Constellium were worth $1,948,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its stake in Constellium by 26.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock valued at $203,642,000 after buying an additional 4,181,823 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Constellium by 242.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock worth $15,636,000 after acquiring an additional 1,078,196 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Constellium during the 4th quarter valued at approximately $5,856,000. CenterBook Partners LP grew its holdings in shares of Constellium by 369.7% in the fourth quarter. CenterBook Partners LP now owns 709,995 shares of the industrial products company’s stock valued at $7,292,000 after purchasing an additional 558,820 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in Constellium in the fourth quarter worth $4,980,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 3.7 %

Shares of CSTM opened at $11.18 on Friday. The company’s fifty day simple moving average is $10.12 and its 200-day simple moving average is $10.70. The company has a market cap of $1.60 billion, a P/E ratio of 34.94 and a beta of 1.65. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a twelve month low of $7.33 and a twelve month high of $22.00.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts expect that Constellium SE will post 1.1 EPS for the current year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, February 25th.

Constellium 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.