Public Employees Retirement System of Ohio Purchases New Holdings in Constellium SE (NYSE:CSTM)

Public Employees Retirement System of Ohio acquired a new position in shares of Constellium SE (NYSE:CSTM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 220,699 shares of the industrial products company’s stock, valued at approximately $3,589,000.

Several other large investors have also recently bought and sold shares of CSTM. Whitebox Advisors LLC raised its position in shares of Constellium by 40.1% during the third quarter. Whitebox Advisors LLC now owns 447,284 shares of the industrial products company’s stock worth $7,273,000 after acquiring an additional 127,923 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Constellium by 9.1% during the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock worth $226,000 after purchasing an additional 1,162 shares during the last quarter. Quarry LP raised its holdings in Constellium by 45.3% during the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 2,273 shares during the last quarter. Point72 DIFC Ltd lifted its position in Constellium by 167.5% during the 3rd quarter. Point72 DIFC Ltd now owns 12,105 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 7,580 shares during the period. Finally, Mountaineer Partners Management LLC boosted its stake in shares of Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after purchasing an additional 8,428,150 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Price Performance

CSTM opened at $11.16 on Monday. The stock has a market cap of $1.61 billion, a P/E ratio of 15.08 and a beta of 1.65. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The company has a fifty day simple moving average of $12.44 and a 200 day simple moving average of $15.87.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (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 business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts expect that Constellium SE will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.