Edgestream Partners L.P. Has $3.99 Million Position in Constellium SE (NYSE:CSTM)

Edgestream Partners L.P. boosted its holdings in shares of Constellium SE (NYSE:CSTM) by 44.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,936 shares of the industrial products company’s stock after buying an additional 120,570 shares during the period. Edgestream Partners L.P. owned about 0.26% of Constellium worth $3,994,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Constellium during the fourth quarter valued at $213,000. Victory Capital Management Inc. lifted its holdings in shares of Constellium by 15.1% during the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock valued at $9,730,000 after acquiring an additional 124,140 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 1,500 shares during the period. State of New Jersey Common Pension Fund D bought a new position in shares of Constellium during the fourth quarter valued at $258,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Constellium by 16.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,311 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 4,937 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Performance

Constellium stock opened at $11.82 on Friday. The stock has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $12.46. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.20. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 36.92 and a beta of 1.64.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. On average, research analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Constellium has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

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.