Beaconlight Capital LLC Sells 67,299 Shares of Constellium SE (NYSE:CSTM)

Beaconlight Capital LLC lessened its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 814,317 shares of the industrial products company's stock after selling 67,299 shares during the quarter. Constellium makes up 3.1% of Beaconlight Capital LLC's holdings, making the stock its 10th biggest holding. Beaconlight Capital LLC owned approximately 0.55% of Constellium worth $8,363,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CSTM. BNP Paribas Financial Markets acquired a new stake in Constellium in the fourth quarter valued at $1,053,000. Ameriprise Financial Inc. increased its stake in shares of Constellium by 40.0% in the fourth quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company's stock valued at $1,260,000 after buying an additional 35,080 shares during the period. Algert Global LLC lifted its stake in shares of Constellium by 15.3% in the fourth quarter. Algert Global LLC now owns 32,040 shares of the industrial products company's stock worth $329,000 after acquiring an additional 4,250 shares during the period. ArrowMark Colorado Holdings LLC boosted its holdings in Constellium by 9.5% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 578,913 shares of the industrial products company's stock valued at $5,945,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Nut Tree Capital Management LP increased its position in Constellium by 52.8% during the 4th quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company's stock valued at $56,485,000 after purchasing an additional 1,900,000 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Constellium Trading Down 0.8 %

Shares of CSTM stock traded down $0.09 during trading hours on Wednesday, hitting $10.79. 1,309,339 shares of the company were exchanged, compared to its average volume of 1,410,393. 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 fifty-two week low of $7.33 and a fifty-two week high of $22.00. The company has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $10.64. The firm has a market cap of $1.54 billion, a P/E ratio of 33.72 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 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.19. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. Equities analysts anticipate that Constellium SE will post 1.1 EPS 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.