Parametric Portfolio Associates LLC Acquires 4,275 Shares of Constellium N.V. (CSTM)

Parametric Portfolio Associates LLC increased its holdings in Constellium N.V. (NYSE:CSTM) by 2.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,235 shares of the industrial products company’s stock after buying an additional 4,275 shares during the period. Parametric Portfolio Associates LLC owned about 0.17% of Constellium N.V. worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vaughan Nelson Investment Management L.P. raised its stake in Constellium N.V. by 0.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,696,175 shares of the industrial products company’s stock worth $39,303,000 after buying an additional 44,200 shares in the last quarter. Evermore Global Advisors LLC bought a new position in Constellium N.V. in the second quarter worth approximately $15,220,000. Rubric Capital Management LP raised its stake in Constellium N.V. by 5.2% in the second quarter. Rubric Capital Management LP now owns 1,104,694 shares of the industrial products company’s stock worth $7,622,000 after buying an additional 54,694 shares in the last quarter. California Public Employees Retirement System raised its stake in Constellium N.V. by 2.2% in the second quarter. California Public Employees Retirement System now owns 722,400 shares of the industrial products company’s stock worth $4,985,000 after buying an additional 15,700 shares in the last quarter. Finally, Concourse Capital Management LLC raised its stake in Constellium N.V. by 1.9% in the second quarter. Concourse Capital Management LLC now owns 512,191 shares of the industrial products company’s stock worth $3,534,000 after buying an additional 9,400 shares in the last quarter. 54.07% of the stock is owned by institutional investors.

Constellium N.V. (NYSE CSTM) opened at $9.15 on Thursday. The stock has a market capitalization of $1,008.31, a price-to-earnings ratio of 29.84 and a beta of 0.72. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of -4.43. Constellium N.V. has a 12-month low of $5.35 and a 12-month high of $12.45.

Constellium N.V. (NYSE:CSTM) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.36 billion. Constellium N.V. had a negative return on equity of 5.81% and a net margin of 0.61%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. equities research analysts anticipate that Constellium N.V. will post 0.65 EPS for the current year.

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CSTM has been the subject of a number of recent research reports. BidaskClub downgraded shares of Constellium N.V. from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Seaport Global Securities downgraded Constellium N.V. from a “buy” rating to a “neutral” rating and upped their price target for the stock from $8.00 to $9.00 in a research report on Friday, July 28th. Cowen and Company reaffirmed a “hold” rating and set a $11.00 price target on shares of Constellium N.V. in a research report on Thursday, October 12th. Finally, BMO Capital Markets set a $13.00 price target on Constellium N.V. and gave the stock a “hold” rating in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.00.

Constellium N.V. Company 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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Institutional Ownership by Quarter for Constellium N.V. (NYSE:CSTM)

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