Constellium (NYSE:CSTM) Shares Down 5.3% - Should You Sell?

Key Points

• Constellium SE shares fell 5.3% during trading, dropping to a low of $15.51, with a significant decrease in trading volume compared to the average.
• The company reported earnings per share (EPS) of $0.25 for the recent quarter, missing the estimate of $0.28, while revenue surpassed expectations at $2.10 billion.
• Multiple institutional investors have increased their stakes in Constellium, indicating growing interest in the company's stock, which is primarily held by hedge funds and institutional investors.

Shares of Constellium SE (NYSE:CSTM - Get Free Report) dropped 5.3% during trading on Friday . The stock traded as low as $15.51 and last traded at $15.49. Approximately 788,748 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,543,349 shares. The stock had previously closed at $16.36.

Constellium Price Performance

The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 1.23. The company has a market cap of $2.16 billion, a PE ratio of 81.64 and a beta of 1.70. The company's 50-day simple moving average is $14.18 and its 200 day simple moving average is $12.40.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.08 billion. Constellium had a return on equity of 3.43% and a net margin of 0.37%. On average, sell-side analysts predict that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Constellium

Several institutional investors have recently modified their holdings of the company. State of Wyoming lifted its position in shares of Constellium by 35.8% during the 2nd quarter. State of Wyoming now owns 37,144 shares of the industrial products company's stock worth $494,000 after purchasing an additional 9,801 shares during the last quarter. Hudson Bay Capital Management LP lifted its position in shares of Constellium by 109.1% during the 2nd quarter. Hudson Bay Capital Management LP now owns 509,296 shares of the industrial products company's stock worth $6,774,000 after purchasing an additional 265,780 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Constellium by 251.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 24,620 shares of the industrial products company's stock worth $327,000 after purchasing an additional 17,621 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Constellium during the 2nd quarter worth $1,325,000. Finally, Voleon Capital Management LP purchased a new stake in shares of Constellium during the 2nd quarter worth $1,261,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.

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