Constellium SE (NYSE:CSTM) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 40.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,672 shares of the industrial products company's stock after purchasing an additional 35,080 shares during the period. Ameriprise Financial Inc. owned about 0.08% of Constellium worth $1,260,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CSTM. Algert Global LLC lifted its holdings in Constellium by 15.3% during the 4th quarter. Algert Global LLC now owns 32,040 shares of the industrial products company's stock worth $329,000 after buying an additional 4,250 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in shares of Constellium by 9.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 578,913 shares of the industrial products company's stock valued at $5,945,000 after acquiring an additional 50,000 shares during the last quarter. Nut Tree Capital Management LP raised its position in shares of Constellium by 52.8% during the 4th quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company's stock valued at $56,485,000 after acquiring an additional 1,900,000 shares in the last quarter. Whitebox Advisors LLC lifted its stake in Constellium by 23.5% during the fourth quarter. Whitebox Advisors LLC now owns 552,284 shares of the industrial products company's stock worth $5,672,000 after purchasing an additional 105,000 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Constellium in the fourth quarter worth $2,568,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Performance

NYSE CSTM traded up $0.19 on Wednesday, hitting $12.87. The stock had a trading volume of 2,606,165 shares, compared to its average volume of 1,466,549. The company's 50-day moving average is $10.35 and its two-hundred day moving average is $10.69. Constellium SE has a one year low of $7.33 and a one year high of $21.23. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 40.22 and a beta of 1.65. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings data 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 period in the prior year, the company posted $0.11 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.