Constellium (NYSE:CSTM) Shares Gap Up - Here's What Happened

Key Points

• Constellium SE shares gapped up from $13.93 to $14.48 before opening, and were last traded at $14.57 with a volume of 156,683 shares.
• The company reported earnings of $0.25 per share for the last quarter, missing analysts' expectations by $0.05, and has a market capitalization of $2.06 billion.
• Institutional investors own approximately 92.59% of Constellium's stock, with several firms increasing their positions significantly in the first quarter.

Constellium SE (NYSE:CSTM - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $13.93, but opened at $14.48. Constellium shares last traded at $14.57, with a volume of 156,683 shares changing hands.

Constellium Price Performance

The company has a market cap of $1.91 billion, a P/E ratio of 70.21 and a beta of 1.69. The company has a fifty day moving average price of $13.46 and a two-hundred day moving average price of $11.41. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.53 and a current ratio of 1.24.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Constellium had a return on equity of 3.39% and a net margin of 0.37%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. On average, sell-side analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in Constellium by 20.3% during the first quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock worth $61,000 after purchasing an additional 1,013 shares during the period. Squarepoint Ops LLC boosted its position in Constellium by 1.0% during the fourth quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company's stock valued at $1,177,000 after acquiring an additional 1,164 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Constellium by 3.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 42,132 shares of the industrial products company's stock valued at $425,000 after buying an additional 1,448 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Constellium by 25.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock valued at $82,000 after buying an additional 1,645 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Constellium by 2.7% in the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock valued at $787,000 after buying an additional 1,989 shares during the period. Institutional investors 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.