Parametric Portfolio Associates LLC Increases Stock Position in Constellium NV (NYSE:CSTM)

Parametric Portfolio Associates LLC increased its position in shares of Constellium NV (NYSE:CSTM) by 28.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,277 shares of the industrial products company’s stock after buying an additional 25,808 shares during the period. Parametric Portfolio Associates LLC’s holdings in Constellium were worth $1,177,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC purchased a new stake in Constellium during the second quarter worth $40,000. Capital Fund Management S.A. purchased a new stake in Constellium during the second quarter worth $193,000. Brooks Moore & Associates Inc. boosted its holdings in Constellium by 32.5% during the second quarter. Brooks Moore & Associates Inc. now owns 19,350 shares of the industrial products company’s stock worth $194,000 after buying an additional 4,750 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Constellium during the first quarter worth $235,000. Finally, Eagle Asset Management Inc. purchased a new stake in Constellium during the second quarter worth $356,000. 68.17% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CSTM opened at $13.35 on Friday. The company has a fifty day moving average of $12.60 and a two-hundred day moving average of $10.52. The stock has a market capitalization of $1.71 billion, a PE ratio of 33.70 and a beta of 1.70. Constellium NV has a fifty-two week low of $6.26 and a fifty-two week high of $14.16.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.20). The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Constellium had a negative return on equity of 49.69% and a net margin of 3.44%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Equities research analysts predict that Constellium NV will post 0.8 earnings per share for the current year.

CSTM has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Deutsche Bank set a $12.00 price objective on shares of Constellium and gave the stock a “buy” rating in a research report on Thursday, July 11th.

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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