Bank of America Corp DE raised its stake in shares of Constellium NV (NYSE:CSTM) by 36.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,081 shares of the industrial products company’s stock after buying an additional 213,798 shares during the quarter. Bank of America Corp DE owned about 0.76% of Constellium worth $5,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. grew its holdings in Constellium by 1,297.9% during the 4th quarter. Citigroup Inc. now owns 6,542 shares of the industrial products company’s stock valued at $46,000 after buying an additional 6,074 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Constellium in the fourth quarter valued at $80,000. Brooks Moore & Associates Inc. purchased a new position in shares of Constellium in the fourth quarter valued at $103,000. Blueshift Asset Management LLC purchased a new position in shares of Constellium in the fourth quarter valued at $185,000. Finally, Quantum Capital Management grew its holdings in shares of Constellium by 58.7% in the fourth quarter. Quantum Capital Management now owns 36,237 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 13,400 shares in the last quarter. 68.27% of the stock is owned by institutional investors and hedge funds.

NYSE CSTM opened at $9.40 on Monday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 13.24 and a beta of 1.53. Constellium NV has a 52 week low of $6.26 and a 52 week high of $13.35.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Thursday, February 21st. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.33). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Constellium had a negative return on equity of 42.78% and a net margin of 3.31%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Constellium NV will post 1.13 EPS for the current fiscal year.

Separately, ValuEngine raised shares of Constellium from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.33.

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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.

See Also: Cost of Equity

Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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