Constellium SE $CSTM Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC lowered its position in Constellium SE (NYSE:CSTM) by 6.0% during the first quarter, HoldingsChannel reports. The firm owned 909,200 shares of the industrial products company’s stock after selling 57,847 shares during the period. Cannell & Spears LLC’s holdings in Constellium were worth $22,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management lifted its stake in shares of Constellium by 33.2% in the fourth quarter. LSV Asset Management now owns 248,800 shares of the industrial products company’s stock worth $4,690,000 after buying an additional 62,000 shares in the last quarter. Danske Bank A S purchased a new stake in Constellium during the 4th quarter valued at about $8,239,000. Penn Capital Management Company LLC purchased a new stake in Constellium during the 4th quarter valued at about $6,900,000. SG Americas Securities LLC raised its holdings in Constellium by 53.6% in the 1st quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock valued at $36,808,000 after acquiring an additional 522,725 shares during the last quarter. Finally, Thornburg Investment Management Inc. acquired a new stake in Constellium in the 4th quarter valued at about $4,745,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $40.00 target price on shares of Constellium in a report on Thursday, April 30th. BMO Capital Markets set a $32.00 price objective on Constellium and gave the stock an “outperform” rating in a research report on Thursday, April 9th. UBS Group lowered their price objective on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Finally, Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.60.

Insider Buying and Selling

In related news, insider Philippe Hoffmann sold 50,000 shares of the 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 transaction, the insider directly 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Philip Ryan Jurkovic sold 48,784 shares of the firm’s stock in a transaction 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 sale, the senior vice president directly owned 172,149 shares of the company’s stock, valued at approximately $5,510,489.49. This trade represents a 22.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 195,153 shares of company stock valued at $6,369,312 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Constellium Stock Performance

NYSE:CSTM opened at $29.02 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.39 and a beta of 1.55. The company’s 50-day moving average is $32.11 and its two-hundred day moving average is $28.23. Constellium SE has a 1-year low of $13.04 and a 1-year high of $36.99.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. Analysts forecast that Constellium SE will post 3.41 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.