Ngam Advisors L.P. lowered its stake in Constellium N.V. (NYSE:CSTM) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 409,743 shares of the industrial products company’s stock after selling 17,663 shares during the period. Ngam Advisors L.P. owned about 0.38% of Constellium N.V. worth $2,663,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. acquired a new stake in Constellium N.V. during the first quarter valued at about $965,000. Jennison Associates LLC increased its stake in Constellium N.V. by 2.9% in the first quarter. Jennison Associates LLC now owns 3,999,318 shares of the industrial products company’s stock valued at $25,996,000 after buying an additional 111,649 shares in the last quarter. Wells Fargo & Company MN increased its stake in Constellium N.V. by 287.6% in the first quarter. Wells Fargo & Company MN now owns 126,687 shares of the industrial products company’s stock valued at $824,000 after buying an additional 93,999 shares in the last quarter. Rubric Capital Management LP acquired a new stake in Constellium N.V. during the first quarter valued at about $6,825,000. Finally, Ellington Management Group LLC increased its stake in Constellium N.V. by 205.2% in the fourth quarter. Ellington Management Group LLC now owns 53,100 shares of the industrial products company’s stock valued at $313,000 after buying an additional 35,700 shares in the last quarter. 59.99% of the stock is currently owned by hedge funds and other institutional investors.
Constellium N.V. (NYSE CSTM) traded up 0.376% during midday trading on Tuesday, reaching $6.675. The company’s stock had a trading volume of 70,810 shares. Constellium N.V. has a 52 week low of $4.02 and a 52 week high of $8.85. The firm has a market capitalization of $723.12 million, a PE ratio of 37.712 and a beta of 0.71. The stock has a 50 day moving average of $6.74 and a 200 day moving average of $6.74.
Constellium N.V. (NYSE:CSTM) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. Constellium N.V. had a negative return on equity of 2.96% and a net margin of 0.35%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts predict that Constellium N.V. will post $0.75 earnings per share for the current fiscal year.
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Several research firms have issued reports on CSTM. Cowen and Company dropped their price objective on Constellium N.V. from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, April 19th. BMO Capital Markets restated a “hold” rating and set a $7.00 price objective on shares of Constellium N.V. in a report on Sunday, March 12th. Finally, Societe Generale upgraded Constellium N.V. from a “hold” rating to a “buy” rating in a report on Monday, March 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.50.
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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