Constellium SE $CSTM Stock Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC increased its holdings in shares of Constellium SE (NYSE:CSTM) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 782,628 shares of the industrial products company’s stock after buying an additional 32,983 shares during the quarter. Constellium accounts for about 1.4% of Penn Capital Management Company LLC’s holdings, making the stock its 23rd biggest holding. Penn Capital Management Company LLC owned approximately 0.58% of Constellium worth $18,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Concurrent Investment Advisors LLC acquired a new position in Constellium during the second quarter worth about $3,116,000. Lazard Asset Management LLC acquired a new stake in shares of Constellium in the 1st quarter valued at approximately $2,141,000. Globeflex Capital L P acquired a new stake in shares of Constellium in the 2nd quarter valued at approximately $1,022,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Constellium in the 2nd quarter valued at approximately $5,582,000. Finally, Bank of America Corp DE grew its holdings in shares of Constellium by 100.1% during the 1st quarter. Bank of America Corp DE now owns 851,222 shares of the industrial products company’s stock valued at $20,923,000 after purchasing an additional 425,871 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellium from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Wall Street Zen lowered shares of Constellium from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. HSBC set a $35.00 price target on shares of Constellium in a report on Thursday, October 29th. Finally, Zacks Research downgraded shares of Constellium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.29.

Constellium Stock Performance

Shares of CSTM stock opened at $22.78 on Tuesday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 5.56 and a beta of 1.63. The company has a current ratio of 1.48, a quick ratio of 0.57 and a debt-to-equity ratio of 1.33. The business’s 50-day moving average price is $24.98 and its 200-day moving average price is $27.84. Constellium SE has a 12 month low of $14.62 and a 12 month high of $36.99.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.11. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. Constellium had a return on equity of 49.04% and a net margin of 5.73%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Equities research analysts forecast that Constellium SE will post 3.78 EPS for the current year.

Insiders Place Their Bets

In other Constellium news, Director Jean-Christophe Deslarzes bought 1,800 shares of Constellium stock in a transaction on Monday, November 2nd. The shares were purchased at an average cost of $23.41 per share, with a total value of $42,138.00. Following the acquisition, the director directly owned 45,315 shares of the company’s stock, valued at $1,060,824.15. The trade was a 4.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Constellium Profile

Constellium SE is a global manufacturer of aluminum products and solutions, serving customers in the aerospace, automotive, packaging, defense and industrial markets. Its offerings include rolled and extruded aluminum products, automotive structures and other engineered components.

The company operates through businesses focused on aerospace and transportation, packaging and automotive rolled products, and automotive structures and industry. Its products are used in applications such as aircraft, vehicles, beverage packaging and industrial equipment.

Constellium was established in 2011 from aluminum businesses with roots in Alcan and Pechiney.