Concentric Capital Strategies LP Acquires Shares of 79,559 Constellium SE $CSTM

Key Points

• Concentric Capital Strategies LP acquired 79,559 shares of Constellium SE for about $803,000, representing a 0.06% ownership stake by the end of the reporting period.
• Several institutional investors have significantly increased their holdings in Constellium, with Nuveen LLC investing approximately $19.63 million in the 1st quarter alone.
• Constellium's stock opened at $13.92, and the company reported a net margin of 0.37% with revenues of $2.10 billion for the recent quarter, although it missed earnings estimates with an EPS of $0.25.

Concentric Capital Strategies LP purchased a new position in shares of Constellium SE (NYSE:CSTM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 79,559 shares of the industrial products company's stock, valued at approximately $803,000. Concentric Capital Strategies LP owned approximately 0.06% of Constellium as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bridgeway Capital Management LLC increased its position in shares of Constellium by 1.4% in the 1st quarter. Bridgeway Capital Management LLC now owns 850,506 shares of the industrial products company's stock valued at $8,582,000 after purchasing an additional 11,618 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Constellium by 354.0% in the 1st quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company's stock valued at $924,000 after purchasing an additional 71,396 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Constellium by 47.8% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 441,500 shares of the industrial products company's stock valued at $4,455,000 after purchasing an additional 142,726 shares during the last quarter. Royal Bank of Canada increased its position in shares of Constellium by 5.3% in the 1st quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company's stock valued at $732,000 after purchasing an additional 3,629 shares during the last quarter. Finally, State of Wyoming increased its position in shares of Constellium by 25.6% in the 1st quarter. State of Wyoming now owns 27,343 shares of the industrial products company's stock valued at $276,000 after purchasing an additional 5,570 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Stock Up 5.6%

Shares of NYSE CSTM traded up $0.77 during mid-day trading on Wednesday, reaching $14.50. The company had a trading volume of 637,969 shares, compared to its average volume of 1,554,118. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. The firm has a 50 day simple moving average of $14.07 and a two-hundred day simple moving average of $12.21. The stock has a market cap of $2.02 billion, a P/E ratio of 76.21 and a beta of 1.70. Constellium SE has a 52-week low of $7.32 and a 52-week high of $17.27.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.43%. Sell-side analysts predict that Constellium SE will post 1.1 earnings per share for the current 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.