Private Advisor Group LLC decreased its stake in Constellium SE (NYSE:CSTM – Free Report) by 57.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 35,539 shares of the industrial products company’s stock after selling 48,049 shares during the quarter. Private Advisor Group LLC’s holdings in Constellium were worth $874,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,467 shares in the last quarter. Allworth Financial LP increased its stake in Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 714 shares during the last quarter. GAMMA Investing LLC raised its position in Constellium by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Constellium by 34.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 803 shares in the last quarter. Finally, Quarry LP lifted its stake in Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,960 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Insider Activity at Constellium
In other Constellium news, SVP Philip Ryan Jurkovic sold 48,784 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $32.01, for a total value of $1,561,575.84. Following the completion of the sale, the senior vice president owned 172,149 shares in the company, valued at approximately $5,510,489.49. This trade represents a 22.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philippe Hoffmann sold 50,000 shares of Constellium stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $31.92, for a total value of $1,596,000.00. Following the completion of the sale, the insider owned 144,153 shares in the company, valued at approximately $4,601,363.76. This represents a 25.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 195,153 shares of company stock worth $6,369,312 over the last 90 days. 1.20% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Constellium
Constellium Trading Up 0.9%
Shares of CSTM opened at $29.07 on Wednesday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 9.41 and a beta of 1.55. Constellium SE has a twelve month low of $13.04 and a twelve month high of $36.99. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71. The firm has a fifty day simple moving average of $32.85 and a two-hundred day simple moving average of $27.74.
Constellium (NYSE:CSTM – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. On average, research analysts anticipate that Constellium SE will post 3.34 EPS for the current year.
Constellium Company 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.
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