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

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)'s stock price gapped up before the market opened 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.

Constellium Stock Performance

The stock has a market cap of $1.89 billion, a P/E ratio of 69.48 and a beta of 1.69. The company has a fifty day moving average of $13.49 and a 200 day moving average of $11.43. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.24 and a quick ratio of 0.53.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.39%. On average, equities analysts predict that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSTM. Raymond James Financial Inc. purchased a new position in shares of Constellium during the 4th quarter valued at $213,000. American Century Companies Inc. grew its holdings in shares of Constellium by 66.3% during the 4th quarter. American Century Companies Inc. now owns 226,448 shares of the industrial products company's stock valued at $2,326,000 after acquiring an additional 90,319 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Constellium by 12.6% during the 4th quarter. JPMorgan Chase & Co. now owns 781,953 shares of the industrial products company's stock valued at $8,031,000 after acquiring an additional 87,456 shares in the last quarter. Norges Bank purchased a new position in shares of Constellium during the 4th quarter valued at $4,355,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Constellium during the 4th quarter valued at $70,000. 92.59% of the stock is currently 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.