193,279 Shares in Constellium SE $CSTM Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new stake in Constellium SE (NYSE:CSTM) during the third quarter, according to its most recent filing with the SEC. The fund purchased 193,279 shares of the industrial products company’s stock, valued at approximately $2,876,000. Sequoia Financial Advisors LLC owned about 0.14% of Constellium as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. KBC Group NV purchased a new position in shares of Constellium during the second quarter valued at about $56,000. EMC Capital Management bought a new position in Constellium during the second quarter valued at approximately $135,000. PharVision Advisers LLC bought a new position in Constellium during the second quarter valued at approximately $147,000. Magnetar Financial LLC purchased a new position in Constellium during the 2nd quarter valued at approximately $168,000. Finally, Ameritas Investment Partners Inc. increased its stake in Constellium by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 1,848 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

CSTM has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Wells Fargo & Company upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $25.00 in a report on Tuesday, January 13th. Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $25.00 price target on shares of Constellium in a research report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.00.

Constellium Price Performance

Constellium stock opened at $22.00 on Wednesday. Constellium SE has a 12-month low of $7.32 and a 12-month high of $23.00. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The firm has a 50-day moving average price of $18.39 and a 200-day moving average price of $16.05. The firm has a market capitalization of $3.03 billion, a PE ratio of 27.85 and a beta of 1.52.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.25. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 EPS. As a group, equities research analysts forecast that Constellium SE will post 1.1 EPS for the current year.

Constellium Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.