Glenmede Trust Co. NA held its position in Constellium NV (NYSE:CSTM) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,600 shares of the industrial products company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Constellium NV were worth $115,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. A.R.T. Advisors LLC boosted its stake in shares of Constellium NV by 23.5% in the fourth quarter. A.R.T. Advisors LLC now owns 23,100 shares of the industrial products company’s stock worth $136,000 after buying an additional 4,400 shares during the period. Rubric Capital Management LP purchased a new stake in shares of Constellium NV during the first quarter worth about $6,825,000. Wells Fargo & Company MN boosted its stake in shares of Constellium NV by 287.6% in the first quarter. Wells Fargo & Company MN now owns 126,687 shares of the industrial products company’s stock worth $824,000 after buying an additional 93,999 shares during the period. Jennison Associates LLC boosted its stake in shares of Constellium NV by 2.9% in the first quarter. Jennison Associates LLC now owns 3,999,318 shares of the industrial products company’s stock worth $25,996,000 after buying an additional 111,649 shares during the period. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Constellium NV during the first quarter worth $965,000. 62.19% of the stock is owned by institutional investors and hedge funds.
Constellium NV (NYSE CSTM) traded up 0.51% during trading on Tuesday, hitting $9.80. 1,818,676 shares of the stock traded hands. Constellium NV has a 12 month low of $4.85 and a 12 month high of $10.95. The stock has a market cap of $1.04 billion, a P/E ratio of 37.26 and a beta of 0.77. The firm’s 50-day moving average is $8.24 and its 200-day moving average is $7.18.
Constellium NV (NYSE:CSTM) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. On average, analysts forecast that Constellium NV will post $0.61 EPS for the current year.
Several research firms have commented on CSTM. BidaskClub upgraded shares of Constellium NV from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Cowen and Company reduced their price target on shares of Constellium NV from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 19th. BMO Capital Markets set a $9.00 price target on shares of Constellium NV and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Seaport Global Securities downgraded shares of Constellium NV from a “buy” rating to a “neutral” rating and raised their target price for the company from $8.00 to $9.00 in a research report on Friday, July 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $8.77.
About Constellium NV
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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