Fox Run Management L.L.C. raised its position in Constellium N.V. (NYSE:CSTM) by 138.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,400 shares of the industrial products company’s stock after purchasing an additional 21,700 shares during the period. Fox Run Management L.L.C.’s holdings in Constellium N.V. were worth $383,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. KCG Holdings Inc. boosted its holdings in Constellium N.V. by 52.2% in the 1st quarter. KCG Holdings Inc. now owns 19,334 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 6,629 shares during the period. Quantitative Systematic Strategies LLC bought a new position in Constellium N.V. in the 3rd quarter valued at $135,000. Quantum Capital Management boosted its holdings in Constellium N.V. by 37.7% in the 2nd quarter. Quantum Capital Management now owns 23,080 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 6,324 shares during the period. Cannell Peter B & Co. Inc. boosted its holdings in Constellium N.V. by 76.4% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 51,150 shares of the industrial products company’s stock valued at $353,000 after purchasing an additional 22,150 shares during the period. Finally, Renaissance Group LLC boosted its holdings in Constellium N.V. by 10.9% in the 2nd quarter. Renaissance Group LLC now owns 56,809 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 5,573 shares during the period. 55.56% of the stock is owned by hedge funds and other institutional investors.
Constellium N.V. (NYSE:CSTM) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Constellium N.V. had a net margin of 0.61% and a negative return on equity of 5.81%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. Constellium N.V.’s revenue for the quarter was up 6.7% on a year-over-year basis.
A number of analysts have recently issued reports on CSTM shares. BidaskClub raised shares of Constellium N.V. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. BMO Capital Markets set a $13.00 price objective on shares of Constellium N.V. and gave the stock a “hold” rating in a report on Friday, October 27th. Seaport Global Securities downgraded shares of Constellium N.V. from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $8.00 to $9.00 in a report on Friday, July 28th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $11.00 price objective on shares of Constellium N.V. in a report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.00.
Constellium N.V. Profile
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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