Kennedy Capital Management Inc. lowered its holdings in shares of Constellium N.V. (NYSE:CSTM) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,759 shares of the industrial products company’s stock after selling 19,030 shares during the quarter. Kennedy Capital Management Inc. owned 0.55% of Constellium N.V. worth $4,035,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Constellium N.V. by 0.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,696,175 shares of the industrial products company’s stock worth $39,303,000 after purchasing an additional 44,200 shares during the period. Canyon Capital Advisors LLC acquired a new stake in shares of Constellium N.V. during the first quarter worth about $19,706,000. Bronson Point Management LLC raised its position in shares of Constellium N.V. by 25.6% during the first quarter. Bronson Point Management LLC now owns 2,343,222 shares of the industrial products company’s stock worth $15,231,000 after purchasing an additional 478,222 shares during the period. Evermore Global Advisors LLC acquired a new stake in shares of Constellium N.V. during the second quarter worth about $15,220,000. Finally, Sound Point Capital Management LP raised its position in shares of Constellium N.V. by 32.5% during the first 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 during the period. 57.59% of the stock is currently owned by institutional investors.
Shares of Constellium N.V. (CSTM) opened at 9.70 on Friday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 37.31 and a beta of 0.72. The company has a 50-day moving average price of $10.11 and a 200-day moving average price of $7.62. Constellium N.V. has a 12 month low of $4.85 and a 12 month high of $11.70.
Constellium N.V. (NYSE:CSTM) last posted its quarterly earnings results 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts forecast that Constellium N.V. will post $0.62 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on CSTM shares. BidaskClub raised Constellium N.V. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Cowen and Company set a $6.00 price target on Constellium N.V. and gave the stock a “hold” rating in a research report on Thursday, July 27th. Seaport Global Securities lowered Constellium N.V. from a “buy” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $9.00 in a research report on Friday, July 28th. Finally, BMO Capital Markets set a $9.00 price target on Constellium N.V. and gave the stock a “hold” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.77.
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Constellium N.V. Company Profile
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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