BB&T Securities LLC Sells 1,075 Shares of Constellium NV (NYSE:CSTM)

BB&T Securities LLC lessened its holdings in Constellium NV (NYSE:CSTM) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,520 shares of the industrial products company’s stock after selling 1,075 shares during the period. BB&T Securities LLC’s holdings in Constellium were worth $388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Robecosam AG increased its position in shares of Constellium by 16.7% in the third quarter. Robecosam AG now owns 1,400,000 shares of the industrial products company’s stock valued at $18,158,000 after acquiring an additional 200,000 shares during the period. Signaturefd LLC boosted its stake in shares of Constellium by 73.8% during the 3rd quarter. Signaturefd LLC now owns 6,950 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 2,950 shares in the last quarter. Wiley BROS. Aintree Capital LLC boosted its stake in shares of Constellium by 16.6% during the 3rd quarter. Wiley BROS. Aintree Capital LLC now owns 104,105 shares of the industrial products company’s stock valued at $1,323,000 after purchasing an additional 14,805 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Constellium during the 2nd quarter valued at about $2,140,000. Finally, Concourse Capital Management LLC boosted its stake in shares of Constellium by 16.2% during the 2nd quarter. Concourse Capital Management LLC now owns 297,620 shares of the industrial products company’s stock valued at $2,988,000 after purchasing an additional 41,530 shares in the last quarter. Institutional investors own 66.53% of the company’s stock.

NYSE:CSTM opened at $14.43 on Thursday. Constellium NV has a one year low of $6.26 and a one year high of $14.79. The company’s 50-day simple moving average is $13.45 and its 200 day simple moving average is $11.33. The firm has a market capitalization of $1.94 billion, a P/E ratio of 20.32 and a beta of 1.75.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.27). Constellium had a negative return on equity of 12.92% and a negative net margin of 0.28%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm earned $1.54 EPS. The company’s revenue was up 2.3% on a year-over-year basis. As a group, analysts anticipate that Constellium NV will post 0.37 earnings per share for the current year.

CSTM has been the topic of a number of research reports. ValuEngine lowered shares of Constellium from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Credit Suisse Group lifted their target price on shares of Constellium from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th.

Constellium Profile

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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