CenterBook Partners LP Cuts Stock Holdings in Constellium SE (NYSE:CSTM)

CenterBook Partners LP lowered its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 47.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 369,949 shares of the industrial products company's stock after selling 340,046 shares during the period. CenterBook Partners LP owned about 0.26% of Constellium worth $3,733,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSTM. GAMMA Investing LLC raised 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 acquiring an additional 2,585 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Constellium in the first quarter valued at approximately $38,000. Parallel Advisors LLC raised its position 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 valued at $50,000 after buying an additional 4,143 shares during the last quarter. US Bancorp DE raised its position in shares of Constellium by 1,034.7% in the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock valued at $52,000 after buying an additional 4,708 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Constellium by 20.3% in the first quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock valued at $61,000 after buying an additional 1,013 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Trading Down 0.9%

Shares of NYSE:CSTM traded down $0.13 during trading on Friday, reaching $13.57. The stock had a trading volume of 987,570 shares, compared to its average volume of 1,614,897. The business has a fifty day moving average price of $13.06 and a 200-day moving average price of $11.16. The company has a quick ratio of 0.53, a current ratio of 1.24 and a debt-to-equity ratio of 2.49. The stock has a market cap of $1.94 billion, a P/E ratio of 29.50 and a beta of 1.69. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $18.98.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.98 billion during 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%. The company's revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 earnings per share. As a group, analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal 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.