Capstone Investment Advisors LLC Acquires New Position in Constellium SE (NYSE:CSTM)

Capstone Investment Advisors LLC purchased a new position in shares of Constellium SE (NYSE:CSTM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 695,007 shares of the industrial products company's stock, valued at approximately $7,138,000. Capstone Investment Advisors LLC owned approximately 0.47% of Constellium at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSTM. T. Rowe Price Investment Management Inc. boosted its stake in Constellium by 26.7% in the 4th 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 in the last quarter. Nut Tree Capital Management LP boosted its stake in shares of Constellium by 52.8% in the 4th quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company's stock valued at $56,485,000 after purchasing an additional 1,900,000 shares in the last quarter. Kailix Advisors LLC grew its holdings in shares of Constellium by 25.6% in the 4th quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company's stock worth $21,415,000 after purchasing an additional 424,779 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Constellium by 242.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock worth $15,636,000 after purchasing an additional 1,078,196 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in 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 purchasing an additional 364,423 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Constellium Price Performance

NYSE CSTM traded up $0.07 on Friday, hitting $11.26. 957,129 shares of the company were exchanged, compared to its average volume of 1,417,696. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The company has a market cap of $1.61 billion, a P/E ratio of 35.19 and a beta of 1.65. Constellium SE has a 1-year low of $7.33 and a 1-year high of $22.00. The firm has a 50 day moving average of $10.11 and a two-hundred day moving average of $10.60.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS 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 business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Constellium's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Constellium SE will post 1.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.