Healthcare of Ontario Pension Plan Trust Fund Lowers Stake in Constellium SE (NYSE:CSTM)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of Constellium SE (NYSE:CSTM) by 14.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 485,025 shares of the industrial products company’s stock after selling 83,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Constellium were worth $7,887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC raised its position in shares of Constellium by 81.1% during the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after buying an additional 676 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Constellium during the 2nd quarter valued at $85,000. Quarry LP grew its holdings in shares of Constellium by 290.0% during the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Constellium by 16.0% during the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

CSTM has been the topic of a number of analyst reports. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. BMO Capital Markets reduced their price target on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Constellium Price Performance

NYSE CSTM opened at $12.29 on Friday. Constellium SE has a one year low of $10.49 and a one year high of $23.20. The stock has a 50-day moving average of $13.37 and a 200 day moving average of $16.64. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.60 and a beta of 1.65.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that Constellium SE will post 0.71 EPS for the current 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.