Encompass Capital Advisors LLC Acquires 182,644 Shares of Constellium SE (NYSE:CSTM)

Encompass Capital Advisors LLC grew its position in Constellium SE (NYSE:CSTM - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,838,324 shares of the industrial products company's stock after purchasing an additional 182,644 shares during the period. Encompass Capital Advisors LLC owned approximately 1.25% of Constellium worth $18,880,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in shares of Constellium during the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC acquired a new stake in Constellium during the 4th quarter valued at $70,000. Quadrant Capital Group LLC lifted its holdings in Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 1,645 shares during the last quarter. Virtu Financial LLC acquired a new stake in Constellium during the 4th quarter valued at $106,000. Finally, Mariner LLC acquired a new stake in Constellium during the 4th quarter valued at $107,000. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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.

Constellium Trading Up 1.1%

Shares of Constellium stock traded up $0.13 on Wednesday, reaching $12.45. 993,205 shares of the company's stock were exchanged, compared to its average volume of 1,422,821. The company has a market capitalization of $1.78 billion, a P/E ratio of 38.91 and a beta of 1.65. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00. The firm's 50-day moving average is $10.15 and its two-hundred day moving average is $10.61. 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 (NYSE:CSTM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Constellium's revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Constellium 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.