BlackRock Advisors LLC decreased its stake in Constellium NV (NYSE:CSTM) by 20.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,897,769 shares of the company’s stock after selling 727,348 shares during the period. BlackRock Advisors LLC owned 2.58% of Constellium NV worth $13,591,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Constellium NV during the second quarter valued at approximately $149,000. GSA Capital Partners LLP boosted its stake in shares of Constellium NV by 76.8% in the second quarter. GSA Capital Partners LLP now owns 208,286 shares of the company’s stock worth $977,000 after buying an additional 90,456 shares during the period. Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of Constellium NV during the second quarter worth approximately $368,000. California Public Employees Retirement System boosted its stake in shares of Constellium NV by 1.4% in the second quarter. California Public Employees Retirement System now owns 904,600 shares of the company’s stock worth $4,243,000 after buying an additional 12,800 shares during the period. Finally, Concourse Capital Management LLC boosted its stake in shares of Constellium NV by 598.1% in the second quarter. Concourse Capital Management LLC now owns 794,203 shares of the company’s stock worth $3,725,000 after buying an additional 680,444 shares during the period. 68.03% of the stock is owned by institutional investors and hedge funds.
Shares of Constellium NV (NYSE:CSTM) opened at 6.92 on Wednesday. Constellium NV has a one year low of $3.38 and a one year high of $9.94. The company’s market capitalization is $730.22 million. The company’s 50-day moving average price is $6.78 and its 200-day moving average price is $5.55.
Constellium NV (NYSE:CSTM) last posted its earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.11. The business earned $1.23 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business earned ($0.61) EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, equities research analysts predict that Constellium NV will post $0.27 earnings per share for the current year.
A number of brokerages have commented on CSTM. Seaport Global Securities began coverage on Constellium NV in a research note on Friday, September 9th. They issued a “neutral” rating and a $8.00 price objective for the company. Societe Generale cut Constellium NV from a “hold” rating to a “sell” rating in a research note on Monday, September 5th. Deutsche Bank AG reissued a “buy” rating on shares of Constellium NV in a research note on Sunday, August 28th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $13.00 price objective on shares of Constellium NV in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research cut Constellium NV from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.03.
Constellium NV Company Profile
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace, automotive and packaging. The Company offers plates, sheet and coil, precision casting, cockpit carriers for vehicles, vehicle safety components, profiles, as well as tubes and bars, among others.
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