CenterBook Partners LP Trims Stock Position in Constellium SE (NYSE:CSTM)

CenterBook Partners LP lessened its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 47.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 369,949 shares of the industrial products company's stock after selling 340,046 shares during the quarter. CenterBook Partners LP owned approximately 0.26% of Constellium worth $3,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Constellium by 51.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 51,966 shares of the industrial products company's stock worth $526,000 after buying an additional 17,655 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Constellium by 2,485.6% in 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 in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Constellium by 40.0% in the fourth quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company's stock worth $1,260,000 after buying an additional 35,080 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Constellium by 33.9% in the fourth 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 in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Constellium by 519.2% in the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock worth $50,000 after buying an additional 4,143 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Price Performance

Shares of NYSE:CSTM traded down $0.36 during midday trading on Tuesday, hitting $13.66. The company's stock had a trading volume of 1,368,840 shares, compared to its average volume of 1,504,593. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.53 and a current ratio of 1.24. The business's 50 day simple moving average is $12.84 and its 200 day simple moving average is $11.08. Constellium SE has a 12-month low of $7.33 and a 12-month high of $19.65. The company has a market cap of $1.95 billion, a P/E ratio of 29.70 and a beta of 1.69.

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