Constellium SE $CSTM Shares Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 47.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 441,500 shares of the industrial products company's stock after buying an additional 142,726 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.31% of Constellium worth $4,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Constellium by 51.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 51,966 shares of the industrial products company's stock valued at $526,000 after buying an additional 17,655 shares in the last quarter. GAMMA Investing LLC raised its stake 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 valued at $27,000 after purchasing an additional 2,585 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Constellium by 40.0% during 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 period. Deutsche Bank AG raised its stake in shares of Constellium by 33.9% during the fourth quarter. Deutsche Bank AG now owns 125,389 shares of the industrial products company's stock valued at $1,288,000 after purchasing an additional 31,713 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Constellium by 519.2% during the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 4,143 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Stock Up 2.3%

Shares of CSTM traded up $0.34 during mid-day trading on Thursday, reaching $14.83. 547,813 shares of the stock traded hands, compared to its average volume of 1,556,249. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 78.03 and a beta of 1.70. The stock has a fifty day simple moving average of $14.07 and a 200 day simple moving average of $12.23. Constellium SE has a 12-month low of $7.32 and a 12-month 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.

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