Robecosam AG Purchases 200,000 Shares of Constellium NV (NYSE:CSTM)

Robecosam AG increased its position in shares of Constellium NV (NYSE:CSTM) by 16.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,400,000 shares of the industrial products company’s stock after buying an additional 200,000 shares during the quarter. Robecosam AG’s holdings in Constellium were worth $18,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSTM. BlackRock Inc. raised its stake in shares of Constellium by 1.4% in the 2nd quarter. BlackRock Inc. now owns 6,237,627 shares of the industrial products company’s stock valued at $62,626,000 after buying an additional 83,838 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Constellium by 11.0% in the 2nd quarter. Janus Henderson Group PLC now owns 5,252,187 shares of the industrial products company’s stock valued at $52,732,000 after buying an additional 521,574 shares in the last quarter. FMR LLC raised its stake in shares of Constellium by 24.9% in the 1st quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock valued at $33,251,000 after buying an additional 829,800 shares in the last quarter. Nut Tree Capital Management LP raised its stake in shares of Constellium by 10.1% in the 2nd quarter. Nut Tree Capital Management LP now owns 3,634,296 shares of the industrial products company’s stock valued at $36,488,000 after buying an additional 334,296 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP raised its stake in shares of Constellium by 6.2% in the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 2,800,293 shares of the industrial products company’s stock valued at $28,577,000 after buying an additional 163,629 shares in the last quarter. 68.18% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on CSTM. Credit Suisse Group increased their price objective on shares of Constellium from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Deutsche Bank set a $12.00 price objective on shares of Constellium and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, ValuEngine cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Constellium has a consensus rating of “Buy” and an average price target of $14.50.

Shares of Constellium stock opened at $14.24 on Friday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 20.06 and a beta of 1.70. The company has a 50-day simple moving average of $12.95 and a 200 day simple moving average of $10.72. Constellium NV has a 12-month low of $6.26 and a 12-month high of $14.34.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Constellium had a negative return on equity of 49.69% and a net margin of 3.44%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. On average, equities analysts predict that Constellium NV will post 0.8 EPS for the current year.

Constellium 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.

Further Reading: Portfolio Manager

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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