Dynamic Technology Lab Private Ltd Boosts Holdings in Constellium SE (NYSE:CSTM)

Dynamic Technology Lab Private Ltd grew its position in shares of Constellium SE (NYSE:CSTM) by 226.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,793 shares of the industrial products company’s stock after buying an additional 83,112 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.08% of Constellium worth $1,948,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. CWM LLC grew its holdings in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 676 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Constellium by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock worth $794,000 after purchasing an additional 698 shares during the period. Signaturefd LLC increased its holdings in shares of Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Constellium by 4.5% in the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 1,079 shares during the period. Finally, Highland Capital Management LLC boosted its holdings in Constellium by 10.1% during the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock worth $219,000 after buying an additional 1,233 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSTM. BMO Capital Markets dropped their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and dropped their price target for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Constellium Price Performance

CSTM stock opened at $12.57 on Tuesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock’s 50 day moving average price is $13.64 and its 200 day moving average price is $16.76. The firm has a market cap of $1.81 billion, a P/E ratio of 16.99 and a beta of 1.65. Constellium SE has a 1 year low of $10.49 and a 1 year high of $23.20.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. On average, sell-side analysts expect that Constellium SE will post 0.71 earnings per share for the current fiscal year.

About Constellium

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.