Vaughan Nelson Investment Management L.P. Reduces Holdings in Constellium SE (NYSE:CSTM)

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Vaughan Nelson Investment Management L.P. lessened its holdings in Constellium SE (NYSE:CSTM) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,399,898 shares of the industrial products company’s stock after selling 317,572 shares during the period. Vaughan Nelson Investment Management L.P. owned 2.48% of Constellium worth $26,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stratos Wealth Advisors LLC acquired a new position in Constellium in the 2nd quarter valued at $99,000. Kore Private Wealth LLC bought a new stake in shares of Constellium in the 2nd quarter worth $153,000. Advisors Asset Management Inc. bought a new stake in shares of Constellium in the 2nd quarter worth $172,000. Quantitative Systematic Strategies LLC boosted its stake in Constellium by 13.2% during the second quarter. Quantitative Systematic Strategies LLC now owns 28,694 shares of the industrial products company’s stock valued at $220,000 after buying an additional 3,348 shares in the last quarter. Finally, Cipher Capital LP acquired a new position in Constellium during the second quarter worth about $278,000. 83.42% of the stock is currently owned by institutional investors.

Shares of NYSE CSTM opened at $12.18 on Tuesday. Constellium SE has a twelve month low of $3.90 and a twelve month high of $15.10. The firm has a 50-day moving average of $9.30 and a two-hundred day moving average of $8.40. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -64.11 and a beta of 2.21.

Constellium (NYSE:CSTM) last released its earnings results on Tuesday, October 27th. The industrial products company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.21. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Constellium had a negative net margin of 0.43% and a negative return on equity of 23.21%. The firm’s quarterly revenue was down 19.8% on a year-over-year basis. On average, sell-side analysts anticipate that Constellium SE will post 0.01 EPS for the current year.

Constellium Company Profile

Constellium SE engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through 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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