Allspring Global Investments Holdings LLC Increases Stock Position in Constellium SE (NYSE:CSTM)

Allspring Global Investments Holdings LLC lifted its position in Constellium SE (NYSE:CSTM - Free Report) by 51.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 51,966 shares of the industrial products company's stock after purchasing an additional 17,655 shares during the period. Allspring Global Investments Holdings LLC's holdings in Constellium were worth $526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CSTM. T. Rowe Price Investment Management Inc. grew its holdings in shares of Constellium by 26.7% in the fourth 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 purchasing an additional 4,181,823 shares during the last quarter. Nut Tree Capital Management LP lifted its stake in Constellium by 52.8% in the fourth quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company's stock worth $56,485,000 after acquiring an additional 1,900,000 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Constellium by 112.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company's stock worth $24,915,000 after acquiring an additional 1,282,587 shares during the period. Thrivent Financial for Lutherans lifted its stake in Constellium by 242.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock worth $15,636,000 after acquiring an additional 1,078,196 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new stake in Constellium in the fourth quarter worth $8,615,000. Institutional investors own 92.59% of the company's stock.

Constellium Trading Down 1.6%

CSTM stock traded down $0.23 on Friday, reaching $14.22. The company's stock had a trading volume of 277,212 shares, compared to its average volume of 1,498,481. The business has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $11.04. Constellium SE has a 12-month low of $7.33 and a 12-month high of $19.65. The firm has a market cap of $2.03 billion, a PE ratio of 30.96 and a beta of 1.69. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.53 and a current ratio of 1.24.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.19. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. Constellium had a return on equity of 7.74% and a net margin of 0.92%. The firm's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. As a group, research analysts forecast that Constellium SE will post 1.1 EPS 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.