Tortoise Advisors UK Ltd Sells 104,938 Shares of Constellium NV (NYSE:CSTM)

Tortoise Advisors UK Ltd reduced its position in Constellium NV (NYSE:CSTM) by 23.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,418 shares of the industrial products company’s stock after selling 104,938 shares during the quarter. Constellium makes up about 1.9% of Tortoise Advisors UK Ltd’s investment portfolio, making the stock its 16th largest holding. Tortoise Advisors UK Ltd owned approximately 0.25% of Constellium worth $2,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legal & General Group Plc boosted its position in shares of Constellium by 0.5% in the fourth quarter. Legal & General Group Plc now owns 395,225 shares of the industrial products company’s stock worth $2,762,000 after purchasing an additional 2,088 shares during the period. Renaissance Group LLC boosted its position in shares of Constellium by 3.4% during the fourth quarter. Renaissance Group LLC now owns 67,188 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 2,219 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Constellium by 1.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 126,344 shares of the industrial products company’s stock worth $1,008,000 after acquiring an additional 2,369 shares during the last quarter. RMB Capital Management LLC boosted its position in shares of Constellium by 5.3% during the fourth quarter. RMB Capital Management LLC now owns 65,683 shares of the industrial products company’s stock worth $459,000 after acquiring an additional 3,283 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Constellium by 8.1% during the third quarter. TIAA CREF Investment Management LLC now owns 76,801 shares of the industrial products company’s stock worth $948,000 after acquiring an additional 5,725 shares during the last quarter. Institutional investors and hedge funds own 67.82% of the company’s stock.

Shares of NYSE:CSTM traded down $0.16 during midday trading on Friday, reaching $10.04. 862,500 shares of the company were exchanged, compared to its average volume of 973,788. Constellium NV has a one year low of $6.26 and a one year high of $13.35. The company’s fifty day moving average is $9.28. The firm has a market capitalization of $1.37 billion, a PE ratio of 14.14 and a beta of 1.62.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). Constellium had a net margin of 4.13% and a negative return on equity of 63.65%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business earned ($0.18) EPS. Constellium’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Constellium NV will post 1.04 earnings per share for the current year.

A number of equities analysts recently weighed in on CSTM shares. ValuEngine upgraded shares of Constellium from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Deutsche Bank restated a “buy” rating on shares of Constellium in a research report on Wednesday, June 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.00.

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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