ArrowMark Colorado Holdings LLC Purchases 50,000 Shares of Constellium SE (NYSE:CSTM)

ArrowMark Colorado Holdings LLC lifted its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 578,913 shares of the industrial products company's stock after acquiring an additional 50,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.39% of Constellium worth $5,945,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSTM. T. Rowe Price Investment Management Inc. raised its position in shares of Constellium by 26.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company's stock valued at $203,642,000 after buying an additional 4,181,823 shares during the last quarter. Nut Tree Capital Management LP lifted its position in Constellium by 52.8% in the fourth quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company's stock worth $56,485,000 after purchasing an additional 1,900,000 shares during the period. Kailix Advisors LLC increased its holdings in Constellium by 25.6% in the 4th quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company's stock valued at $21,415,000 after buying an additional 424,779 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Constellium by 242.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock valued at $15,636,000 after buying an additional 1,078,196 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Constellium by 35.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock valued at $22,693,000 after acquiring an additional 364,423 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Tuesday, February 25th.

Constellium Trading Up 0.8 %

Shares of Constellium stock traded up $0.09 on Friday, hitting $11.28. 410,135 shares of the company's stock traded hands, compared to its average volume of 1,408,163. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The stock has a market capitalization of $1.61 billion, a PE ratio of 35.25 and a beta of 1.65. The firm's 50-day moving average price is $10.09 and its two-hundred day moving average price is $10.62. Constellium SE has a one year low of $7.33 and a one year high of $22.00.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.19. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the business earned $0.11 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts expect that Constellium SE will post 1.1 EPS for the current fiscal year.

Constellium Company Profile

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.