Brightline Capital Management LLC Raises Position in Constellium SE (NYSE:CSTM)

Brightline Capital Management LLC lifted its stake in Constellium SE (NYSE:CSTM) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 712,000 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the period. Constellium accounts for approximately 4.9% of Brightline Capital Management LLC’s holdings, making the stock its 12th largest position. Brightline Capital Management LLC’s holdings in Constellium were worth $11,577,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Constellium by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock valued at $34,490,000 after purchasing an additional 145,604 shares during the period. Advisors Asset Management Inc. increased its holdings in Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 1,625 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Constellium during the 1st quarter worth approximately $1,106,000. BOKF NA lifted its holdings in Constellium by 87.6% during the first quarter. BOKF NA now owns 8,964 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 4,186 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Constellium by 1.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock valued at $37,563,000 after purchasing an additional 21,569 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Price Performance

Shares of CSTM stock traded up $0.07 during trading hours 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 company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 16.85 and a beta of 1.65. Constellium SE has a one year low of $10.49 and a one year high of $23.20. The stock’s 50-day moving average price is $13.64 and its two-hundred day moving average price is $16.76.

Constellium (NYSE:CSTM) last issued its quarterly earnings data 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). 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 analysts’ expectations of $1.80 billion. During the same period last year, the company earned $0.47 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. Equities analysts forecast that Constellium SE will post 0.71 EPS for the current year.

Analysts Set New Price Targets

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

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.