York Capital Management Global Advisors LLC Takes Position in Constellium N.V. (CSTM)

York Capital Management Global Advisors LLC purchased a new position in Constellium N.V. (NYSE:CSTM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,200,000 shares of the industrial products company’s stock, valued at approximately $7,800,000. York Capital Management Global Advisors LLC owned about 1.11% of Constellium N.V. as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. ClariVest Asset Management LLC increased its position in Constellium N.V. by 12.4% in the first quarter. ClariVest Asset Management LLC now owns 16,323 shares of the industrial products company’s stock worth $106,000 after buying an additional 1,800 shares in the last quarter. KCG Holdings Inc. increased its position in Constellium N.V. by 52.2% in the first quarter. KCG Holdings Inc. now owns 19,334 shares of the industrial products company’s stock worth $126,000 after buying an additional 6,629 shares in the last quarter. Bogle Investment Management L P DE acquired a new position in Constellium N.V. during the fourth quarter worth approximately $131,000. A.R.T. Advisors LLC increased its position in Constellium N.V. 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 in the last quarter. Finally, Gabelli Funds LLC increased its position in Constellium N.V. by 27.5% in the fourth quarter. Gabelli Funds LLC now owns 25,500 shares of the industrial products company’s stock worth $150,000 after buying an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 60.56% of the company’s stock.

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

Shares of Constellium N.V. (CSTM) traded down 2.21% during trading on Friday, hitting $6.65. 363,907 shares of the stock traded hands. The firm’s 50-day moving average price is $6.75 and its 200-day moving average price is $6.72. The company has a market cap of $720.41 million, a price-to-earnings ratio of 37.78 and a beta of 0.71. Constellium N.V. has a 52 week low of $4.02 and a 52 week high of $8.85.

Constellium N.V. (NYSE:CSTM) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Constellium N.V. had a negative return on equity of 2.96% and a net margin of 0.35%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted ($0.08) earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Constellium N.V. will post $0.76 earnings per share for the current year.

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A number of equities analysts have commented on CSTM shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Constellium N.V. in a report on Sunday, March 12th. Societe Generale raised shares of Constellium N.V. from a “hold” rating to a “buy” rating in a report on Monday, March 27th. Finally, Cowen and Company reduced their price target on shares of Constellium N.V. from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $8.50.

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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