Clearline Capital LP Sells 73,683 Shares of Constellium SE (NYSE:CSTM)

Clearline Capital LP cut its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 314,122 shares of the industrial products company's stock after selling 73,683 shares during the quarter. Clearline Capital LP owned 0.21% of Constellium worth $3,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. grew its position in Constellium by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company's stock worth $9,730,000 after acquiring an additional 124,140 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Constellium in the 4th quarter worth about $1,386,000. Barclays PLC increased its position in shares of Constellium by 476.1% during the 3rd 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 last quarter. Renaissance Technologies LLC purchased a new position in shares of Constellium during the 4th quarter valued at about $775,000. Finally, SG Americas Securities LLC lifted its position in Constellium by 41.7% in the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock worth $611,000 after buying an additional 17,515 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

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

Constellium Trading Up 0.6 %

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 debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium SE has a 12 month low of $7.33 and a 12 month high of $22.00. The firm has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $10.60. The stock has a market capitalization of $1.61 billion, a PE ratio of 35.19 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.19. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Sell-side analysts expect that Constellium SE will post 1.1 earnings per share 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.