Cresset Asset Management LLC Acquires 42,071 Shares of Constellium SE (NYSE:CSTM)

Cresset Asset Management LLC lifted its stake in Constellium SE (NYSE:CSTM - Free Report) by 203.0% during the fourth quarter, according to its most recent disclosure 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 quarter. Cresset Asset Management LLC's holdings in Constellium were worth $645,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Bridgeway Capital Management LLC acquired a new position in Constellium during the 4th quarter worth $8,615,000. Capstone Investment Advisors LLC bought a new position in shares of Constellium during the fourth quarter valued at $7,138,000. BNP Paribas Financial Markets bought a new stake in Constellium during the 4th quarter worth approximately $1,053,000. Ameriprise Financial Inc. increased its holdings in Constellium by 40.0% during the 4th quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company's stock valued at $1,260,000 after purchasing an additional 35,080 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of Constellium by 15.3% during the fourth quarter. Algert Global LLC now owns 32,040 shares of the industrial products company's stock worth $329,000 after purchasing an additional 4,250 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

Constellium Price Performance

Shares of CSTM stock traded up $0.12 during mid-day trading on Monday, hitting $11.89. 192,636 shares of the stock traded hands, compared to its average volume of 1,431,702. The company's 50-day simple moving average is $10.18 and its 200-day simple moving average is $10.62. Constellium SE has a twelve month low of $7.33 and a twelve month high of $22.00. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 37.04 and a beta of 1.65. 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 announced its quarterly 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 firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. The business's revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that Constellium SE will post 1.1 earnings per share 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.