Constellium SE $CSTM Stock Position Boosted by Brightline Capital Management LLC

Key Points

• Brightline Capital Management LLC increased its stake in Constellium SE by 4.8% during Q1, owning approximately 745,000 shares valued at about $7.5 million.
• Other large investors, like Allspring Global Investments Holdings LLC and GAMMA Investing LLC, significantly increased their holdings in Constellium during the same period, reflecting growing institutional interest.
• Constellium reported earnings of $0.25 per share last quarter, falling short of analysts' expectations, despite generating revenues of $2.10 billion that surpassed estimates.

Brightline Capital Management LLC raised its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 745,000 shares of the industrial products company's stock after buying an additional 34,000 shares during the period. Constellium comprises approximately 6.5% of Brightline Capital Management LLC's investment portfolio, making the stock its 8th biggest position. Brightline Capital Management LLC owned 0.52% of Constellium worth $7,517,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of 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. Harvest Fund Management Co. Ltd acquired a new stake in Constellium during the 1st quarter worth about $38,000. Parallel Advisors LLC grew its position in Constellium by 519.2% during the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock worth $50,000 after purchasing an additional 4,143 shares during the period. US Bancorp DE grew its position in Constellium by 1,034.7% during the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock worth $52,000 after purchasing an additional 4,708 shares during the period. Finally, Signaturefd LLC grew its position in Constellium by 20.3% during the 1st quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock worth $61,000 after purchasing an additional 1,013 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Constellium Price Performance

Shares of NYSE:CSTM traded down $0.24 during trading on Thursday, reaching $14.37. 253,298 shares of the company's stock traded hands, compared to its average volume of 1,570,854. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $17.27. The company has a quick ratio of 0.53, a current ratio of 1.23 and a debt-to-equity ratio of 2.47. The firm has a market cap of $2.00 billion, a PE ratio of 75.58 and a beta of 1.69. The company has a 50-day simple moving average of $13.89 and a 200-day simple moving average of $11.91.

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

About Constellium

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.