Hotchkis & Wiley Capital Management LLC Buys Shares of 384,250 Constellium SE (NYSE:CSTM)

Hotchkis & Wiley Capital Management LLC bought a new stake in Constellium SE (NYSE:CSTM) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 384,250 shares of the industrial products company’s stock, valued at approximately $6,248,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.27% of Constellium at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CSTM. FMR LLC grew its position in shares of Constellium by 3.4% during the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after buying an additional 484,011 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Constellium by 47.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock worth $77,877,000 after purchasing an additional 1,334,550 shares during the last quarter. Rubric Capital Management LP grew its position in Constellium by 0.9% during the 2nd quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock worth $69,046,000 after purchasing an additional 32,548 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Constellium by 8.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after acquiring an additional 257,618 shares during the period. Finally, Highland Peak Capital LLC lifted its stake in shares of Constellium by 14.1% in the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after acquiring an additional 234,756 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Trading Down 2.5 %

Shares of CSTM stock opened at $11.90 on Friday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 16.08 and a beta of 1.65. 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 fifty-two week low of $10.49 and a fifty-two week high of $23.20. The firm’s 50 day moving average price is $12.97 and its two-hundred day moving average price is $16.36.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. 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. BMO Capital Markets lowered their price target 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. Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.