Constellium N.V. (NYSE:CSTM) Position Reduced by Morgan Stanley

Morgan Stanley decreased its stake in shares of Constellium N.V. (NYSE:CSTM) by 26.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,813,135 shares of the industrial products company’s stock after selling 639,462 shares during the period. Morgan Stanley owned 1.67% of Constellium N.V. worth $11,785,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CSTM. RMB Capital Management LLC increased its stake in shares of Constellium N.V. by 11.1% in the first quarter. RMB Capital Management LLC now owns 185,496 shares of the industrial products company’s stock valued at $1,206,000 after buying an additional 18,550 shares in the last quarter. Clearline Capital LP increased its stake in shares of Constellium N.V. by 23.2% in the first quarter. Clearline Capital LP now owns 697,859 shares of the industrial products company’s stock valued at $4,536,000 after buying an additional 131,198 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Constellium N.V. by 7.8% in the first quarter. Kennedy Capital Management Inc. now owns 603,789 shares of the industrial products company’s stock valued at $3,925,000 after buying an additional 43,589 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Constellium N.V. during the first quarter valued at approximately $794,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Constellium N.V. during the first quarter valued at approximately $794,000. Institutional investors and hedge funds own 60.59% of the company’s stock.

Constellium N.V. (CSTM) opened at 8.00 on Monday. The company has a market capitalization of $866.66 million, a PE ratio of 44.20 and a beta of 0.71. Constellium N.V. has a 12-month low of $4.79 and a 12-month high of $8.85. The stock’s 50 day moving average price is $7.24 and its 200 day moving average price is $6.91.

Constellium N.V. (NYSE:CSTM) last announced its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.34 billion. Constellium N.V. had a net margin of 0.35% and a negative return on equity of 2.96%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. On average, equities analysts anticipate that Constellium N.V. will post $0.70 EPS for the current fiscal year.

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Several analysts have commented on the company. BidaskClub upgraded Constellium N.V. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Cowen and Company lowered their price target on 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. Finally, Societe Generale raised Constellium N.V. from a “hold” rating to a “buy” rating in a report on Monday, March 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price 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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