Constellium SE $CSTM Shares Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC boosted its stake in shares of Constellium SE (NYSE:CSTM) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 782,628 shares of the industrial products company’s stock after buying an additional 32,983 shares during the quarter. Constellium makes up approximately 1.4% of Penn Capital Management Company LLC’s portfolio, making the stock its 23rd biggest position. Penn Capital Management Company LLC’s holdings in Constellium were worth $18,966,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new stake in shares of Constellium in the second quarter valued at about $3,116,000. Lazard Asset Management LLC bought a new position in shares of Constellium during the first quarter worth about $2,141,000. Globeflex Capital L P acquired a new position in shares of Constellium in the second quarter worth approximately $1,022,000. TD Waterhouse Canada Inc. acquired a new position in shares of Constellium in the second quarter worth approximately $5,582,000. Finally, Bank of America Corp DE lifted its stake in shares of Constellium by 100.1% in the first quarter. Bank of America Corp DE now owns 851,222 shares of the industrial products company’s stock worth $20,923,000 after acquiring an additional 425,871 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CSTM shares. JPMorgan Chase & Co. upgraded Constellium from a “neutral” rating to an “overweight” rating and upped their target price for the company from $34.00 to $35.00 in a report on Thursday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Constellium in a report on Monday, September 28th. UBS Group lowered their price target on shares of Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Wells Fargo & Company dropped their price target on shares of Constellium from $38.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. Finally, Wall Street Zen lowered shares of Constellium from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Constellium has an average rating of “Moderate Buy” and an average target price of $33.29.

Insider Buying and Selling

In other Constellium news, Director Jean-Christophe Deslarzes bought 1,800 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average price of $23.41 per share, with a total value of $42,138.00. Following the completion of the purchase, the director directly owned 45,315 shares of the company’s stock, valued at approximately $1,060,824.15. This trade represents a 4.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is owned by corporate insiders.

Constellium Stock Performance

Shares of Constellium stock opened at $22.78 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.57 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $24.98 and a two-hundred day moving average price of $27.84. Constellium SE has a 1-year low of $14.62 and a 1-year high of $36.99. The company has a market cap of $3.07 billion, a P/E ratio of 5.56 and a beta of 1.63.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.11. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. Constellium had a return on equity of 49.04% and a net margin of 5.73%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. As a group, analysts anticipate that Constellium SE will post 3.78 EPS for the current year.

Constellium Profile

Constellium SE is a global manufacturer of aluminum products and solutions, serving customers in the aerospace, automotive, packaging, defense and industrial markets. Its offerings include rolled and extruded aluminum products, automotive structures and other engineered components.

The company operates through businesses focused on aerospace and transportation, packaging and automotive rolled products, and automotive structures and industry. Its products are used in applications such as aircraft, vehicles, beverage packaging and industrial equipment.

Constellium was established in 2011 from aluminum businesses with roots in Alcan and Pechiney.