838,888 Shares in Constellium SE (NYSE:CSTM) Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC bought a new position in shares of Constellium SE (NYSE:CSTM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 838,888 shares of the industrial products company's stock, valued at approximately $8,615,000. Bridgeway Capital Management LLC owned approximately 0.57% of Constellium as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

Constellium Price Performance

Shares of CSTM stock traded up $0.07 during trading hours on Friday, hitting $11.26. 957,129 shares of the company's stock were exchanged, compared to its average volume of 1,414,023. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 35.19 and a beta of 1.65. 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's 50-day moving average is $10.11 and its 200-day moving average is $10.60.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, beating 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 firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the company posted $0.11 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that Constellium SE will post 1.1 EPS for the current year.

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.