Constellium NV (NYSE:CSTM) Stock Position Cut by One Tusk Investment Partners LP

One Tusk Investment Partners LP lowered its stake in Constellium NV (NYSE:CSTM) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,225,000 shares of the industrial products company’s stock after selling 90,000 shares during the quarter. Constellium accounts for 16.1% of One Tusk Investment Partners LP’s portfolio, making the stock its 2nd largest position. One Tusk Investment Partners LP’s holdings in Constellium were worth $12,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of CSTM. Signaturefd LLC purchased a new stake in Constellium in the second quarter worth approximately $40,000. Farmers National Bank bought a new position in Constellium in the first quarter worth approximately $80,000. Quantamental Technologies LLC bought a new position in Constellium in the first quarter worth approximately $82,000. Wedbush Securities Inc. bought a new position in Constellium in the first quarter worth approximately $152,000. Finally, Xact Kapitalforvaltning AB bought a new position in Constellium in the first quarter worth approximately $235,000. Institutional investors own 65.85% of the company’s stock.

CSTM traded up $0.37 during trading on Tuesday, hitting $11.85. The company’s stock had a trading volume of 1,104,849 shares, compared to its average volume of 1,414,498. Constellium NV has a one year low of $6.26 and a one year high of $12.94. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 16.69 and a beta of 1.71. The stock has a 50 day moving average price of $10.88.



Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.20). Constellium had a negative return on equity of 49.69% and a net margin of 3.44%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business posted $0.39 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that Constellium NV will post 0.86 earnings per share for the current year.

Several research analysts have weighed in on the stock. Deutsche Bank set a $12.00 price target on shares of Constellium and gave the stock a “buy” rating in a research report on Thursday, July 11th. ValuEngine downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

Constellium Company Profile

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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