KCG Holdings Inc. increased its stake in Constellium N.V. (NYSE:CSTM) by 52.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,334 shares of the industrial products company’s stock after buying an additional 6,629 shares during the period. KCG Holdings Inc.’s holdings in Constellium N.V. were worth $126,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in CSTM. ClariVest Asset Management LLC raised its position in shares of Constellium N.V. by 12.4% in the first quarter. ClariVest Asset Management LLC now owns 16,323 shares of the industrial products company’s stock worth $106,000 after buying an additional 1,800 shares during the last quarter. Renaissance Group LLC acquired a new position in shares of Constellium N.V. during the first quarter worth about $333,000. Oxford Asset Management acquired a new position in shares of Constellium N.V. during the first quarter worth about $463,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Constellium N.V. by 6.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 111,740 shares of the industrial products company’s stock worth $726,000 after buying an additional 7,145 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Constellium N.V. during the first quarter worth about $794,000. 60.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Constellium N.V. (CSTM) traded down 1.208% during midday trading on Thursday, hitting $10.225. The stock had a trading volume of 79,332 shares. Constellium N.V. has a 12-month low of $4.85 and a 12-month high of $10.95. The firm has a 50-day moving average of $7.98 and a 200 day moving average of $7.14. The firm has a market cap of $1.08 billion, a PE ratio of 38.878 and a beta of 0.77.
Constellium N.V. (NYSE:CSTM) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.08. Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $0.08 EPS. Constellium N.V.’s revenue was up 12.1% compared to the same quarter last year. On average, analysts expect that Constellium N.V. will post $0.61 earnings per share for the current year.
A number of equities research analysts have recently weighed in on CSTM shares. Seaport Global Securities downgraded Constellium N.V. from a “buy” rating to a “neutral” rating and boosted their price target for the company from $8.00 to $9.00 in a report on Friday, July 28th. BidaskClub downgraded Constellium N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Cowen and Company set a $6.00 price target on Constellium N.V. and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets set a $9.00 price target on Constellium N.V. and gave the company a “hold” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.77.
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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