Sanctuary Advisors LLC Buys Shares of 92,831 Constellium SE $CSTM

Sanctuary Advisors LLC bought a new stake in Constellium SE (NYSE:CSTM) in the first quarter, Holdings Channel.com reports. The institutional investor bought 92,831 shares of the industrial products company’s stock, valued at approximately $2,282,000.

Several other hedge funds and other institutional investors have also modified their holdings of CSTM. Royal Bank of Canada raised its position in Constellium by 5.3% during the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock valued at $732,000 after buying an additional 3,629 shares during the period. AQR Capital Management LLC boosted its position in Constellium by 354.0% during the 1st quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock worth $924,000 after acquiring an additional 71,396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Constellium by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock worth $777,000 after acquiring an additional 3,393 shares during the period. Prudential Financial Inc. purchased a new position in Constellium during the 2nd quarter valued at about $218,000. Finally, Norges Bank purchased a new position in Constellium during the 2nd quarter valued at about $1,499,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Up 2.4%

CSTM opened at $28.45 on Wednesday. Constellium SE has a fifty-two week low of $13.04 and a fifty-two week high of $36.99. The business has a 50-day moving average of $32.34 and a 200-day moving average of $28.08. 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 company has a market capitalization of $3.87 billion, a PE ratio of 9.21 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

CSTM has been the topic of a number of research reports. BMO Capital Markets set a $32.00 target price on Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. Wells Fargo & Company lowered their price objective on shares of Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group cut their target price on shares of Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.60.

Insider Transactions at Constellium

In other Constellium news, SVP Marcus Becker sold 10,391 shares of Constellium stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $34.93, for a total value of $362,957.63. Following the completion of the sale, the senior vice president directly owned 16,784 shares in the company, valued at $586,265.12. The trade was a 38.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley Lee Soultz bought 2,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $33.84 per share, with a total value of $84,600.00. Following the completion of the transaction, the director directly owned 2,500 shares of the company’s stock, valued at approximately $84,600. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 195,153 shares of company stock valued at $6,369,312. Insiders own 1.20% of the company’s stock.

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.