Nisa Investment Advisors LLC Reduces Stake in Constellium SE (NYSE:CSTM)

Nisa Investment Advisors LLC cut its holdings in shares of Constellium SE (NYSE:CSTM) by 50.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,591 shares of the industrial products company’s stock after selling 1,628 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Constellium were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CSTM. Covestor Ltd boosted its stake in shares of Constellium by 12.2% in the third quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock worth $119,000 after buying an additional 716 shares during the last quarter. Highland Capital Management LLC purchased a new stake in Constellium in the 4th quarter worth approximately $201,000. Spire Wealth Management grew its stake in shares of Constellium by 11.2% during the 3rd quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 1,042 shares during the period. Teza Capital Management LLC purchased a new position in shares of Constellium during the 3rd quarter valued at approximately $206,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Constellium by 30.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,963 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 2,809 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CSTM. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. UBS Group started coverage on Constellium in a research note on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price target for the company. Benchmark reiterated a “buy” rating and set a $24.00 price target on shares of Constellium in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Constellium from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $25.60.

Constellium Price Performance

NYSE:CSTM opened at $21.13 on Tuesday. The stock has a 50 day moving average of $20.49 and a two-hundred day moving average of $18.87. Constellium SE has a 12 month low of $13.40 and a 12 month high of $23.20. The firm has a market cap of $3.05 billion, a P/E ratio of 22.72 and a beta of 1.71. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.23). Constellium had a return on equity of 16.86% and a net margin of 1.73%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. On average, analysts expect that Constellium SE will post 1.9 earnings per share for the current fiscal year.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.