Ionic Capital Management LLC Has $8.64 Million Holdings in Constellium SE (NYSE:CSTM)

Ionic Capital Management LLC cut its holdings in Constellium SE (NYSE:CSTM) by 6.3% during the third quarter, Holdings Channel.com reports. The fund owned 531,490 shares of the industrial products company’s stock after selling 35,873 shares during the period. Constellium comprises about 1.5% of Ionic Capital Management LLC’s holdings, making the stock its 4th largest holding. Ionic Capital Management LLC’s holdings in Constellium were worth $8,642,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westwood Holdings Group Inc. boosted its position in shares of Constellium by 47.7% during the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock worth $77,877,000 after buying an additional 1,334,550 shares during the period. FMR LLC raised its holdings in shares of Constellium by 3.4% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after purchasing an additional 484,011 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Constellium in the third quarter worth $7,223,000. Kailix Advisors LLC increased its position in shares of Constellium by 40.0% during the 2nd quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock worth $29,222,000 after purchasing an additional 413,605 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Constellium during the 3rd quarter worth approximately $6,248,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Constellium Stock Performance

Shares of CSTM opened at $12.48 on Tuesday. The business’s fifty day simple moving average is $13.22 and its two-hundred day simple moving average is $16.48. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 16.87 and a beta of 1.65. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20.

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

Constellium Profile

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.