Constellium (CSTM) Sets New 12-Month Low at $7.55

Shares of Constellium NV (NYSE:CSTM) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.55 and last traded at $7.59, with a volume of 121057 shares changing hands. The stock had previously closed at $8.12.

Several analysts have issued reports on CSTM shares. ValuEngine raised shares of Constellium from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Societe Generale raised shares of Constellium from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, October 30th. Deutsche Bank set a $15.00 price objective on shares of Constellium and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Morgan Stanley increased their price objective on shares of Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Finally, Jefferies Financial Group set a $16.00 price objective on shares of Constellium and gave the company a “buy” rating in a research report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Constellium presently has an average rating of “Buy” and a consensus price target of $15.25.

The stock has a market capitalization of $902.73 million, a price-to-earnings ratio of -23.19 and a beta of 1.33.

Several hedge funds have recently added to or reduced their stakes in CSTM. BlackRock Inc. grew its position in shares of Constellium by 71.1% during the second quarter. BlackRock Inc. now owns 5,925,330 shares of the industrial products company’s stock worth $61,031,000 after buying an additional 2,463,259 shares in the last quarter. Columbus Circle Investors grew its position in shares of Constellium by 249.3% during the second quarter. Columbus Circle Investors now owns 1,676,632 shares of the industrial products company’s stock worth $17,269,000 after buying an additional 1,196,604 shares in the last quarter. BlueMountain Capital Management LLC grew its position in shares of Constellium by 1,414.7% during the second quarter. BlueMountain Capital Management LLC now owns 1,264,865 shares of the industrial products company’s stock worth $13,028,000 after buying an additional 1,181,358 shares in the last quarter. FMR LLC grew its position in shares of Constellium by 181.5% during the second quarter. FMR LLC now owns 1,830,606 shares of the industrial products company’s stock worth $18,855,000 after buying an additional 1,180,266 shares in the last quarter. Finally, Goldentree Asset Management LP grew its position in shares of Constellium by 96.1% during the third quarter. Goldentree Asset Management LP now owns 1,711,977 shares of the industrial products company’s stock worth $21,143,000 after buying an additional 839,164 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

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Constellium Company Profile (NYSE:CSTM)

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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