Empowered Funds LLC Purchases New Position in Constellium SE (NYSE:CSTM)

Empowered Funds LLC acquired a new position in shares of Constellium SE (NYSE:CSTM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 570,165 shares of the industrial products company’s stock, valued at approximately $5,856,000. Empowered Funds LLC owned about 0.39% of Constellium at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSTM. Blue Trust Inc. raised its position in Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,753 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Constellium in the fourth quarter worth approximately $31,000. Quarry LP lifted its stake in shares of 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 acquiring an additional 2,273 shares during the last quarter. Signaturefd LLC boosted its holdings in Constellium by 41.5% during the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 2,805 shares during the period. Finally, Ballentine Partners LLC bought a new position in Constellium in the 3rd quarter valued at $168,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on CSTM shares. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and lowered their price objective for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, BMO Capital Markets decreased their price target on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Constellium Stock Down 2.1 %

NYSE:CSTM opened at $9.45 on Wednesday. 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 1-year low of $9.35 and a 1-year high of $23.20. The company has a 50-day moving average of $10.49 and a 200 day moving average of $13.14. The firm has a market cap of $1.39 billion, a PE ratio of 12.77 and a beta of 1.68.

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.