Nationwide Fund Advisors reduced its position in shares of Constellium NV (NYSE:CSTM) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 317,537 shares of the company’s stock after selling 4,800 shares during the period. Nationwide Fund Advisors owned 0.28% of Constellium NV worth $1,489,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Concourse Capital Management LLC boosted its stake in 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 in the last quarter. A.R.T. Advisors LLC bought a new stake in Constellium NV during the first quarter worth about $1,336,000. Spark Investment Management LLC bought a new stake in Constellium NV during the first quarter worth about $1,298,000. Bank of Montreal Can bought a new stake in Constellium NV during the second quarter worth about $943,000. Finally, Royce & Associates LP bought a new stake in Constellium NV during the first quarter worth about $593,000. Hedge funds and other institutional investors own 68.01% of the company’s stock.
Constellium NV (NYSE:CSTM) opened at 6.15 on Tuesday. The company’s market capitalization is $648.97 million. The firm has a 50-day moving average of $7.07 and a 200 day moving average of $5.65. Constellium NV has a 12-month low of $3.38 and a 12-month high of $9.94.
Constellium NV (NYSE:CSTM) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.11. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.27 billion. The business’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.61) earnings per share. Analysts expect that Constellium NV will post $0.27 EPS for the current fiscal year.
CSTM has been the topic of a number of recent research reports. Seaport Global Securities initiated coverage on shares of Constellium NV in a research report on Friday, September 9th. They set a “neutral” rating and a $8.00 price target on the stock. Societe Generale lowered shares of Constellium NV from a “hold” rating to a “sell” rating in a research report on Monday, September 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Constellium NV in a research report on Sunday, August 28th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $13.00 price target on shares of Constellium NV in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research lowered shares of Constellium NV from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.91.
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.
Want to see what other hedge funds are holding CSTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellium NV (NYSE:CSTM).
Receive News & Ratings for Constellium NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium NV and related companies with MarketBeat.com's FREE daily email newsletter.