Constellium SE $CSTM Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in shares of Constellium SE (NYSE:CSTM) by 82.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,806 shares of the industrial products company’s stock after selling 123,895 shares during the period. Voya Investment Management LLC’s holdings in Constellium were worth $384,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CSTM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Constellium by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock valued at $1,038,000 after purchasing an additional 1,006 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Constellium by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company’s stock worth $582,000 after purchasing an additional 1,659 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Constellium by 14.6% in the second quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,848 shares during the period. Beacon Investment Advisors LLC raised its holdings in shares of Constellium by 0.7% in the second quarter. Beacon Investment Advisors LLC now owns 339,271 shares of the industrial products company’s stock valued at $4,533,000 after buying an additional 2,362 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of Constellium by 17.9% during the second quarter. Quadrature Capital Ltd now owns 15,964 shares of the industrial products company’s stock worth $212,000 after buying an additional 2,422 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CSTM shares. JPMorgan Chase & Co. boosted their price target on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.00.

Constellium Trading Up 4.7%

Shares of CSTM stock opened at $19.74 on Friday. The business’s fifty day moving average price is $17.13 and its 200 day moving average price is $15.37. The firm has a market capitalization of $2.72 billion, a PE ratio of 24.99 and a beta of 1.52. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. Constellium SE has a 1-year low of $7.32 and a 1-year high of $19.80.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm earned $0.02 EPS. The business’s revenue was up 20.2% on a year-over-year basis. As a group, sell-side analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal year.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.