Constellium SE (NYSE:CSTM) is Highland Peak Capital LLC’s 5th Largest Position

Highland Peak Capital LLC lessened its position in shares of Constellium SE (NYSE:CSTM) by 47.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,000,937 shares of the industrial products company’s stock after selling 901,441 shares during the quarter. Constellium comprises approximately 7.1% of Highland Peak Capital LLC’s portfolio, making the stock its 5th largest position. Highland Peak Capital LLC owned about 0.69% of Constellium worth $16,275,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new position in Constellium during the third quarter worth about $594,000. Advisors Asset Management Inc. lifted its holdings in shares of Constellium by 4.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,079 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Constellium in the 3rd quarter valued at approximately $221,000. Thrivent Financial for Lutherans purchased a new stake in Constellium in the third quarter valued at approximately $7,223,000. Finally, MQS Management LLC acquired a new position in Constellium during the third quarter worth $253,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Constellium Stock Performance

Shares of Constellium stock opened at $11.66 on Thursday. The business has a 50-day simple moving average of $13.89 and a 200-day simple moving average of $16.95. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium SE has a one year low of $10.49 and a one year high of $23.20. The company has a market cap of $1.68 billion, a PE ratio of 15.76 and a beta of 1.65.

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