Constellium (NYSE:CSTM) Reaches New 52-Week Low – Here’s Why

Constellium SE (NYSE:CSTM) reached a new 52-week low during trading on Monday . The company traded as low as $9.83 and last traded at $9.50, with a volume of 1360640 shares traded. The stock had previously closed at $9.89.

Analyst Ratings Changes

CSTM has been the topic of several recent analyst reports. BMO Capital Markets cut their price target on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.50.

Constellium Stock Down 3.2 %

The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $1.41 billion, a PE ratio of 12.97 and a beta of 1.68. The business’s 50 day simple moving average is $10.87 and its 200 day simple moving average is $13.55.

Institutional Trading of Constellium

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in shares of Constellium by 15.6% in the third quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock valued at $13,387,000 after purchasing an additional 111,390 shares during the period. Maverick Capital Ltd. bought a new position in shares of Constellium in the third quarter valued at approximately $1,372,000. SG Americas Securities LLC bought a new position in shares of Constellium in the third quarter valued at approximately $683,000. Principal Financial Group Inc. raised its position in shares of Constellium by 35.3% in the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock valued at $22,693,000 after purchasing an additional 364,423 shares during the period. Finally, Barclays PLC raised its position in shares of Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock valued at $5,473,000 after purchasing an additional 278,149 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.