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.

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

Constellium Stock 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 stock has a 50-day moving average of $14.23 and a 200-day moving average of $12.47. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 80.35 and a beta of 1.70.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.43%. As a group, analysts anticipate that Constellium SE will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

A number of hedge funds have recently added to or reduced their stakes in CSTM. GAMMA Investing LLC raised its holdings in shares of Constellium by 2,485.6% in the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company's stock worth $27,000 after purchasing an additional 2,585 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Constellium during the 1st quarter valued at $38,000. Parallel Advisors LLC grew its position in Constellium by 519.2% in the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock worth $50,000 after acquiring an additional 4,143 shares in the last quarter. US Bancorp DE grew its position in Constellium by 1,034.7% in the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock worth $52,000 after acquiring an additional 4,708 shares in the last quarter. Finally, KBC Group NV purchased a new stake in Constellium during the second quarter valued at about $56,000. Institutional investors and hedge funds own 92.59% of the company's stock.

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.