Dynamic Technology Lab Private Ltd bought a new position in Constellium NV (NYSE:CSTM) during the second quarter, Holdings Channel reports. The institutional investor bought 31,761 shares of the company’s stock, valued at approximately $149,000.
Other large investors have also modified their holdings of the company. UBS Group AG increased its stake in shares of Constellium NV by 0.8% in the first quarter. UBS Group AG now owns 119,530 shares of the company’s stock worth $621,000 after buying an additional 914 shares during the last quarter. Pitcairn Co. increased its stake in Constellium NV by 5.2% in the second quarter. Pitcairn Co. now owns 30,047 shares of the company’s stock valued at $141,000 after buying an additional 1,493 shares in the last quarter. State Street Corp increased its stake in Constellium NV by 5.9% in the first quarter. State Street Corp now owns 75,908 shares of the company’s stock valued at $394,000 after buying an additional 4,221 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Constellium NV by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 179,527 shares of the company’s stock valued at $932,000 after buying an additional 5,240 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its stake in Constellium NV by 40.4% in the first quarter. Boothbay Fund Management LLC now owns 27,459 shares of the company’s stock valued at $143,000 after buying an additional 7,903 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.
Constellium NV (NYSE:CSTM) opened at 6.90 on Friday. The stock’s market cap is $728.11 million. The firm has a 50-day moving average price of $6.90 and a 200 day moving average price of $5.58. Constellium NV has a 52-week low of $3.38 and a 52-week high of $9.94.
Constellium NV (NYSE:CSTM) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.11. The business earned $1.23 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted ($0.61) EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, analysts forecast that Constellium NV will post $0.27 earnings per share for the current fiscal year.
Several research firms have recently commented on CSTM. Seaport Global Securities began coverage on Constellium NV in a report on Friday, September 9th. They set a “neutral” rating and a $8.00 price objective for the company. Societe Generale downgraded Constellium NV from a “hold” rating to a “sell” rating in a report on Monday, September 5th. Deutsche Bank AG restated a “buy” rating on shares of Constellium NV in a report on Sunday, August 28th. JPMorgan Chase & Co. restated a “buy” rating and set a $13.00 price objective on shares of Constellium NV in a report on Wednesday, August 3rd. Finally, Zacks Investment Research downgraded Constellium NV from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Constellium NV presently has an average rating of “Hold” and a consensus target price of $8.91.
Constellium NV Company Profile
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace, automotive and packaging. The Company offers plates, sheet and coil, precision casting, cockpit carriers for vehicles, vehicle safety components, profiles, as well as tubes and bars, among others.
Want to see what other hedge funds are holding CSTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellium NV (NYSE:CSTM).
Receive News & Ratings for Constellium NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium NV and related companies with MarketBeat.com's FREE daily email newsletter.