Concourse Capital Management LLC boosted its position in Constellium N.V. (NYSE:CSTM) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 512,191 shares of the industrial products company’s stock after buying an additional 9,400 shares during the period. Constellium N.V. makes up about 2.0% of Concourse Capital Management LLC’s holdings, making the stock its 19th biggest position. Concourse Capital Management LLC owned approximately 0.48% of Constellium N.V. worth $3,534,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Canyon Capital Advisors LLC purchased a new stake in shares of Constellium N.V. during the 1st quarter worth $19,706,000. Evermore Global Advisors LLC purchased a new stake in shares of Constellium N.V. during the 2nd quarter worth $15,220,000. York Capital Management Global Advisors LLC purchased a new stake in shares of Constellium N.V. during the 1st quarter worth $7,800,000. Boussard & Gavaudan Investment Management LLP boosted its position in shares of Constellium N.V. by 59.8% during the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 1,513,802 shares of the industrial products company’s stock worth $10,332,000 after purchasing an additional 566,447 shares in the last quarter. Finally, Sound Point Capital Management LP boosted its position in shares of Constellium N.V. by 32.5% during the 1st quarter. Sound Point Capital Management LP now owns 2,065,495 shares of the industrial products company’s stock worth $13,426,000 after purchasing an additional 506,945 shares in the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.
Constellium N.V. (NYSE CSTM) traded down 3.55% during midday trading on Friday, hitting $9.50. 430,884 shares of the company traded hands. The stock has a market cap of $1.00 billion, a P/E ratio of 36.54 and a beta of 0.72. Constellium N.V. has a 12-month low of $4.85 and a 12-month high of $11.70. The stock has a 50 day moving average of $10.08 and a 200 day moving average of $7.61.
Constellium N.V. (NYSE:CSTM) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Constellium N.V. had a net margin of 0.48% and a negative return on equity of 4.31%. Constellium N.V.’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.08 earnings per share. Equities research analysts predict that Constellium N.V. will post $0.62 EPS for the current fiscal year.
Several equities research analysts have commented on the stock. BidaskClub lowered shares of Constellium N.V. from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Cowen and Company boosted their target price on shares of Constellium N.V. from $6.00 to $8.30 and gave the stock a “market perform” rating in a research report on Monday, July 31st. BMO Capital Markets set a $9.00 target price on shares of Constellium N.V. and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Seaport Global Securities lowered shares of Constellium N.V. from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $8.00 to $9.00 in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.77.
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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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