Constellium SE (NYSE:CSTM) Shares Sold by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon Corp reduced its stake in Constellium SE by 28.0%, owning 337,383 shares after selling 131,231 shares in Q1.
• Other hedge funds, like GAMMA Investing LLC and Parallel Advisors LLC, significantly increased their holdings in Constellium during the same period.
• Constellium reported a net profit of $0.26 EPS for the last quarter, exceeding the consensus estimate by $0.19 and showing a 5.3% year-over-year revenue growth.

Bank of New York Mellon Corp cut its position in Constellium SE (NYSE:CSTM - Free Report) by 28.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 337,383 shares of the industrial products company's stock after selling 131,231 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.24% of Constellium worth $3,404,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Constellium by 51.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 51,966 shares of the industrial products company's stock valued at $526,000 after purchasing an additional 17,655 shares in the last quarter. GAMMA Investing LLC boosted its position 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 purchasing an additional 2,585 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Constellium by 40.0% in the fourth 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 during the last quarter. Deutsche Bank AG raised its stake in shares of Constellium by 33.9% during the 4th quarter. Deutsche Bank AG now owns 125,389 shares of the industrial products company's stock worth $1,288,000 after buying an additional 31,713 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Constellium by 519.2% during the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock worth $50,000 after acquiring an additional 4,143 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Price Performance

Shares of CSTM stock traded up $0.07 during trading hours on Wednesday, hitting $14.75. The company's stock had a trading volume of 2,685,137 shares, compared to its average volume of 1,295,805. The company has a current ratio of 1.24, a quick ratio of 0.53 and a debt-to-equity ratio of 2.49. The business has a fifty day moving average of $13.43 and a 200-day moving average of $11.39. Constellium SE has a twelve month low of $7.32 and a twelve month high of $18.15. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 77.64 and a beta of 1.69.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.39%. As a group, equities research analysts anticipate 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.