Allspring Global Investments Holdings LLC Acquires 17,655 Shares of Constellium SE (NYSE:CSTM)

Allspring Global Investments Holdings LLC lifted its holdings in Constellium SE (NYSE:CSTM - Free Report) by 51.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,966 shares of the industrial products company's stock after purchasing an additional 17,655 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Constellium were worth $526,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CSTM. Highland Capital Management LLC acquired a new position in shares of Constellium during the 1st quarter worth about $257,000. SummerHaven Investment Management LLC increased its position in shares of Constellium by 3.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 42,132 shares of the industrial products company's stock worth $425,000 after purchasing an additional 1,448 shares during the last quarter. Rockingstone Advisors LLC raised its stake in shares of Constellium by 11.4% during the 1st quarter. Rockingstone Advisors LLC now owns 279,562 shares of the industrial products company's stock worth $2,821,000 after purchasing an additional 28,645 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Constellium by 613.4% in the first quarter. SG Americas Securities LLC now owns 424,649 shares of the industrial products company's stock valued at $4,285,000 after buying an additional 365,128 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Constellium by 2,485.6% during the first quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company's stock worth $27,000 after buying an additional 2,585 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Stock Performance

Shares of CSTM opened at $14.29 on Thursday. The company has a market cap of $2.04 billion, a PE ratio of 31.07 and a beta of 1.69. The firm has a 50-day moving average of $12.71 and a 200-day moving average of $11.01. Constellium SE has a one year low of $7.33 and a one year high of $19.65. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.24 and a quick ratio of 0.53.

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, beating analysts' consensus estimates of $0.07 by $0.19. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. Constellium had a net margin of 0.92% and a return on equity of 7.74%. Constellium's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. As a group, equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Constellium Company 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.

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