Summit Global Investments Invests $145,000 in Constellium SE (NYSE:CSTM)

Summit Global Investments purchased a new stake in Constellium SE (NYSE:CSTM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,162 shares of the industrial products company’s stock, valued at approximately $145,000.

A number of other hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new position in shares of Constellium during the 4th quarter valued at approximately $31,000. Quarry LP raised its holdings in Constellium by 45.3% in the third quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 2,273 shares in the last quarter. Cibc World Markets Corp bought a new position in Constellium during the 4th quarter valued at $124,000. Handelsbanken Fonder AB grew its holdings in Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Point72 DIFC Ltd increased its position in shares of Constellium by 167.5% in the 3rd quarter. Point72 DIFC Ltd now owns 12,105 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 7,580 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Trading Down 0.9 %

NYSE CSTM opened at $11.28 on Wednesday. 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 $9.04 and a one year high of $23.20. The company has a 50-day simple moving average of $10.64 and a 200-day simple moving average of $12.03. The firm has a market capitalization of $1.62 billion, a PE ratio of 35.25 and a beta of 1.64.

Constellium (NYSE:CSTM) last issued its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.25.

Constellium Company 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.