NGAM Advisors L.P. decreased its stake in Constellium N.V. (NYSE:CSTM) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 392,926 shares of the industrial products company’s stock after selling 16,817 shares during the period. NGAM Advisors L.P.’s holdings in Constellium N.V. were worth $2,711,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSTM. Vaughan Nelson Investment Management L.P. raised its position in Constellium N.V. by 0.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,696,175 shares of the industrial products company’s stock valued at $39,303,000 after buying an additional 44,200 shares during the period. Jennison Associates LLC raised its position in Constellium N.V. by 2.9% in the first quarter. Jennison Associates LLC now owns 3,999,318 shares of the industrial products company’s stock valued at $25,996,000 after buying an additional 111,649 shares during the period. Canyon Capital Advisors LLC purchased a new position in Constellium N.V. during the first quarter valued at approximately $19,706,000. Bronson Point Management LLC raised its position in Constellium N.V. by 25.6% in the first quarter. Bronson Point Management LLC now owns 2,343,222 shares of the industrial products company’s stock valued at $15,231,000 after buying an additional 478,222 shares during the period. Finally, Sound Point Capital Management LP raised its position in Constellium N.V. by 32.5% in the first quarter. Sound Point Capital Management LP now owns 2,065,495 shares of the industrial products company’s stock valued at $13,426,000 after buying an additional 506,945 shares during the period. Hedge funds and other institutional investors own 60.32% of the company’s stock.

Constellium N.V. (NYSE:CSTM) opened at 9.65 on Friday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 36.69 and a beta of 0.77. Constellium N.V. has a 52 week low of $4.85 and a 52 week high of $10.95. The firm’s 50-day moving average is $8.15 and its 200-day moving average is $7.17.

Constellium N.V. (NYSE:CSTM) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.08. Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $0.08 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts anticipate that Constellium N.V. will post $0.61 earnings per share for the current year.

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CSTM has been the topic of a number of recent analyst reports. Seaport Global Securities lowered shares of Constellium N.V. from a “buy” rating to a “neutral” rating and upped their price target for the company from $8.00 to $9.00 in a research note on Friday, July 28th. BidaskClub lowered shares of Constellium N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Cowen and Company set a $6.00 price target on shares of Constellium N.V. and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, BMO Capital Markets set a $9.00 price target on shares of Constellium N.V. and gave the company a “hold” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $8.77.

About Constellium N.V.

Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.

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Institutional Ownership by Quarter for Constellium N.V. (NYSE:CSTM)

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