Adage Capital Partners GP L.L.C. Buys 123,774 Shares of Constellium SE (NYSE:CSTM)

Adage Capital Partners GP L.L.C. grew its position in Constellium SE (NYSE:CSTM - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,774 shares of the industrial products company's stock after acquiring an additional 123,774 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.20% of Constellium worth $3,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Constellium by 26.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company's stock worth $203,642,000 after buying an additional 4,181,823 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Constellium by 242.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock valued at $15,636,000 after buying an additional 1,078,196 shares in the last quarter. Empowered Funds LLC acquired a new position in Constellium during the fourth quarter valued at approximately $5,856,000. CenterBook Partners LP raised its holdings in shares of Constellium by 369.7% during the 4th quarter. CenterBook Partners LP now owns 709,995 shares of the industrial products company's stock worth $7,292,000 after buying an additional 558,820 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of Constellium in the fourth quarter worth about $4,980,000. Institutional investors own 92.59% of the company's stock.

Constellium Trading Up 3.7 %

Shares of NYSE:CSTM traded up $0.40 during trading on Friday, reaching $11.18. The stock had a trading volume of 2,663,911 shares, compared to its average volume of 1,403,630. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The firm's fifty day moving average is $10.12 and its 200 day moving average is $10.70. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 34.94 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.07 by $0.19. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $0.11 EPS. The company's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.