10,249 Shares in Constellium NV (CSTM) Purchased by Element Capital Management LLC

Saturday, June 30 2018

10,249 Shares in Constellium NV (CSTM) Purchased by Element Capital Management LLC

Posted by Susan Goodwin on Jun 30th, 2018 // No Comments
Element Capital Management LLC acquired a new stake in shares of Constellium NV (NYSE:CSTM) during the first quarter, according to its most recent filing with the SEC. The fund acquired 10,249 shares of the industrial products company’s stock, valued at approximately $111,000.
Other large investors also recently added to or reduced their stakes in the company. Caxton Associates LP bought a new stake in shares of Constellium during the 4th quarter valued at $3,066,000. Wells Fargo & Company MN raised its stake in shares of Constellium by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 423,875 shares of the industrial products company’s stock valued at $4,726,000 after purchasing an additional 14,392 shares during the period. Sound Point Capital Management LP bought a new stake in shares of Constellium during the 4th quarter valued at $6,409,000. York Capital Management Global Advisors LLC raised its stake in shares of Constellium by 9.9% during the 4th quarter. York Capital Management Global Advisors LLC now owns 3,228,624 shares of the industrial products company’s stock valued at $35,999,000 after purchasing an additional 289,807 shares during the period. Finally, Jefferies Group LLC bought a new stake in shares of Constellium during the 4th quarter valued at $3,457,000. Institutional investors own 83.70% of the company’s stock. Get Constellium alerts:
Constellium stock opened at $10.30 on Friday. Constellium NV has a 52 week low of $6.60 and a 52 week high of $14.10. The company has a debt-to-equity ratio of -6.23, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a market cap of $1.12 billion, a P/E ratio of -32.19 and a beta of 0.91. Constellium (NYSE:CSTM) last posted its earnings results on Thursday, April 26th. The industrial products company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.35). Constellium had a negative return on equity of 5.81% and a negative net margin of 1.33%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Constellium’s quarterly revenue was up 4.4% compared to the same quarter last year. equities research analysts predict that Constellium NV will post 1.01 earnings per share for the current fiscal year.
A number of analysts recently issued reports on CSTM shares. BMO Capital Markets boosted their price objective on Constellium from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Friday, April 27th. Seaport Global Securities upgraded Constellium from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $16.00 in a research note on Friday, April 27th. Goldman Sachs Group started coverage on Constellium in a research report on Tuesday, March 20th. They set a “buy” rating and a $16.00 target price for the company. Finally, ValuEngine upgraded Constellium from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.20.
Constellium Company Profile
Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace& Transportation, and Automotive Structures & Industry.
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