Cresset Asset Management LLC Raises Holdings in Constellium SE (NYSE:CSTM)

Cresset Asset Management LLC increased its stake in Constellium SE (NYSE:CSTM - Free Report) by 203.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,800 shares of the industrial products company's stock after buying an additional 42,071 shares during the period. Cresset Asset Management LLC's holdings in Constellium were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in shares of Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company's stock valued at $175,000 after buying an additional 1,500 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of 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 buying an additional 1,645 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Constellium by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock valued at $787,000 after buying an additional 1,989 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Constellium during the 4th quarter valued at $31,000. Finally, Algert Global LLC lifted its holdings in shares of Constellium by 15.3% during the 4th quarter. Algert Global LLC now owns 32,040 shares of the industrial products company's stock valued at $329,000 after buying an additional 4,250 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

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

Constellium Stock Performance

Shares of NYSE:CSTM traded down $0.31 during midday trading on Friday, hitting $11.78. The company had a trading volume of 2,127,569 shares, compared to its average volume of 1,433,375. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 36.80 and a beta of 1.65. Constellium SE has a 12-month low of $7.33 and a 12-month high of $22.00. The company has a fifty day moving average of $10.18 and a two-hundred day moving average of $10.63.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) 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 business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business posted $0.11 EPS. Constellium's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts expect 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.