Whitebox Advisors LLC acquired a new stake in Constellium N.V. (NYSE:CSTM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,966 shares of the industrial products company’s stock, valued at approximately $448,000. Whitebox Advisors LLC owned 0.06% of Constellium N.V. at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSTM. Prescott Group Capital Management L.L.C. purchased a new position in Constellium N.V. during the first quarter valued at $965,000. Jennison Associates LLC increased its stake in shares of Constellium N.V. by 2.9% in the first quarter. Jennison Associates LLC now owns 3,999,318 shares of the industrial products company’s stock valued at $25,996,000 after buying an additional 111,649 shares during the period. Wells Fargo & Company MN increased its stake in shares of Constellium N.V. by 287.6% in the first quarter. Wells Fargo & Company MN now owns 126,687 shares of the industrial products company’s stock valued at $824,000 after buying an additional 93,999 shares during the period. Rubric Capital Management LP bought a new stake in shares of Constellium N.V. during the first quarter valued at approximately $6,825,000. Finally, Ellington Management Group LLC increased its stake in shares of Constellium N.V. by 205.2% in the fourth quarter. Ellington Management Group LLC now owns 53,100 shares of the industrial products company’s stock valued at $313,000 after buying an additional 35,700 shares during the period. 59.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of Constellium N.V. (NYSE CSTM) remained flat at $6.65 during mid-day trading on Tuesday. The company had a trading volume of 235,233 shares. The company’s 50 day moving average price is $6.74 and its 200 day moving average price is $6.74. Constellium N.V. has a 52 week low of $4.02 and a 52 week high of $8.85. The firm has a market cap of $720.41 million, a P/E ratio of 37.57 and a beta of 0.71.
Constellium N.V. (NYSE:CSTM) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Constellium N.V. had a negative return on equity of 2.96% and a net margin of 0.35%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) EPS. Analysts forecast that Constellium N.V. will post $0.75 earnings per share for the current year.
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CSTM has been the topic of several research analyst reports. Societe Generale upgraded shares of Constellium N.V. from a “hold” rating to a “buy” rating in a report on Monday, March 27th. BMO Capital Markets restated a “hold” rating and set a $7.00 target price on shares of Constellium N.V. in a report on Sunday, March 12th. Finally, Cowen and Company dropped their target price on shares of Constellium N.V. from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.50.
About Constellium N.V.
Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.
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