Adage Capital Partners GP L.L.C. Has $4.46 Million Stock Holdings in Constellium SE $CSTM

Adage Capital Partners GP L.L.C. grew its holdings in Constellium SE (NYSE:CSTM - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 441,500 shares of the industrial products company's stock after purchasing an additional 142,726 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.31% of Constellium worth $4,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSTM. Nuveen LLC acquired a new position in Constellium in the 1st quarter valued at approximately $19,630,000. D. E. Shaw & Co. Inc. increased its position in Constellium by 112.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company's stock valued at $24,915,000 after acquiring an additional 1,282,587 shares during the period. Westwood Holdings Group Inc. increased its position in Constellium by 12.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company's stock valued at $65,773,000 after acquiring an additional 708,412 shares during the period. Voloridge Investment Management LLC increased its position in Constellium by 80.8% in the 4th quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company's stock valued at $15,711,000 after acquiring an additional 683,876 shares during the period. Finally, Millennium Management LLC increased its position in Constellium by 33.5% in the 4th quarter. Millennium Management LLC now owns 2,481,878 shares of the industrial products company's stock valued at $25,489,000 after acquiring an additional 622,367 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Trading Down 0.7%

Shares of NYSE:CSTM traded down $0.11 during trading on Friday, reaching $14.87. The stock had a trading volume of 141,114 shares, compared to its average volume of 1,552,083. The firm's fifty day moving average is $14.08 and its 200 day moving average is $12.26. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 1.23. Constellium SE has a 52 week low of $7.32 and a 52 week high of $17.27. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 78.32 and a beta of 1.70.

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 firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.43%. As a group, equities analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal 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.