Beaconlight Capital LLC Has $14.34 Million Position in Constellium SE (NYSE:CSTM)

Beaconlight Capital LLC reduced its stake in Constellium SE (NYSE:CSTM) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 881,616 shares of the industrial products company’s stock after selling 160,141 shares during the quarter. Constellium accounts for 5.8% of Beaconlight Capital LLC’s portfolio, making the stock its 6th largest position. Beaconlight Capital LLC owned approximately 0.61% of Constellium worth $14,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Constellium by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock valued at $794,000 after buying an additional 698 shares during the last quarter. Signaturefd LLC grew its stake in shares of Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after buying an additional 933 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Constellium by 4.5% in the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock valued at $407,000 after buying an additional 1,079 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in Constellium by 10.1% during the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 1,233 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSTM. BMO Capital Markets decreased their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. StockNews.com lowered Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their target price on 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Constellium presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Constellium Stock Performance

Shares of Constellium stock traded up $0.07 on Wednesday, hitting $12.55. The stock had a trading volume of 117,042 shares, compared to its average volume of 1,109,961. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 16.85 and a beta of 1.65. The business’s 50 day moving average is $13.64 and its two-hundred day moving average is $16.76. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium SE has a twelve month low of $10.49 and a twelve month high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings data 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 net margin of 1.47% and a return on equity of 10.83%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. 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.