Alliancebernstein L.P. Has $471,000 Stake in Constellium N.V. (NYSE:CSTM)
Alliancebernstein L.P. held its position in Constellium N.V. (NYSE:CSTM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,508 shares of the industrial products company’s stock at the end of the first quarter. Alliancebernstein L.P.’s holdings in Constellium N.V. were worth $471,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rubric Capital Management LP purchased a new position in Constellium N.V. during the first quarter worth $6,825,000. Wells Fargo & Company MN boosted its position in Constellium N.V. by 287.6% in the first quarter. Wells Fargo & Company MN now owns 126,687 shares of the industrial products company’s stock worth $824,000 after buying an additional 93,999 shares during the period. Jennison Associates LLC boosted its position in Constellium N.V. by 2.9% in the first quarter. Jennison Associates LLC now owns 3,999,318 shares of the industrial products company’s stock worth $25,996,000 after buying an additional 111,649 shares during the period. Prescott Group Capital Management L.L.C. purchased a new position in Constellium N.V. during the first quarter worth $965,000. Finally, Renaissance Group LLC purchased a new position in Constellium N.V. during the first quarter worth $333,000. Institutional investors and hedge funds own 60.32% of the company’s stock.
Constellium N.V. (NYSE:CSTM) opened at 10.35 on Thursday. Constellium N.V. has a 12-month low of $4.85 and a 12-month high of $10.95. The stock has a 50 day moving average of $7.98 and a 200-day moving average of $7.13. The company has a market capitalization of $1.09 billion, a PE ratio of 39.35 and a beta of 0.77.
Constellium N.V. (NYSE:CSTM) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by $0.08. Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. Equities analysts expect that Constellium N.V. will post $0.61 earnings per share for the current year.
A number of research analysts have weighed in on CSTM shares. Cowen and Company cut their price objective on shares of Constellium N.V. from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 19th. BidaskClub upgraded shares of Constellium N.V. from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Seaport Global Securities cut shares of 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 report on Friday, July 28th. Finally, BMO Capital Markets set a $9.00 price target on shares of Constellium N.V. and gave the stock a “hold” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $8.77.
About Constellium N.V.
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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