Nut Tree Capital Management LP Has $56.49 Million Holdings in Constellium SE (NYSE:CSTM)

Nut Tree Capital Management LP grew its stake in Constellium SE (NYSE:CSTM - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,500,000 shares of the industrial products company's stock after purchasing an additional 1,900,000 shares during the quarter. Constellium comprises approximately 19.4% of Nut Tree Capital Management LP's holdings, making the stock its 3rd largest holding. Nut Tree Capital Management LP owned 3.75% of Constellium worth $56,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its position in shares of Constellium by 476.1% during the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock worth $5,473,000 after buying an additional 278,149 shares during the period. Franklin Resources Inc. boosted its stake in Constellium by 19.5% during the 3rd quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company's stock worth $2,661,000 after acquiring an additional 26,686 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock valued at $22,693,000 after purchasing an additional 364,423 shares during the period. Rockingstone Advisors LLC increased its stake in Constellium by 48.1% in the fourth quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company's stock valued at $2,577,000 after purchasing an additional 81,467 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Constellium by 41.7% in the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock worth $611,000 after purchasing an additional 17,515 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Tuesday, February 25th.

Constellium Stock Up 3.7 %

Shares of NYSE:CSTM traded up $0.40 during midday trading on Friday, reaching $11.18. 2,663,911 shares of the company were exchanged, compared to its average volume of 1,403,630. The firm has a market cap of $1.60 billion, a PE ratio of 34.94 and a beta of 1.65. Constellium SE has a fifty-two week low of $7.33 and a fifty-two week high of $22.00. The stock has a fifty day simple moving average of $10.12 and a two-hundred day simple moving average of $10.70. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.19. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, sell-side analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

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.