Jump Financial LLC Grows Stock Holdings in Constellium SE $CSTM

Key Points

• Jump Financial LLC has increased its stake in Constellium SE by 130.6%, acquiring an additional 78,919 shares during the first quarter, bringing its total holdings to 139,350 shares valued at approximately $1.4 million.
• Other institutional investors, including Brightline Capital Management and Algert Global, have also significantly raised their stakes in Constellium, indicating strong interest from hedge funds and institutional investors.
• Constellium reported a Q2 earnings per share of $0.25, which fell short of analysts' expectations, despite recording revenues of $2.10 billion, exceeding estimates of $2.08 billion.

Jump Financial LLC increased its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 130.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 139,350 shares of the industrial products company's stock after purchasing an additional 78,919 shares during the period. Jump Financial LLC owned 0.10% of Constellium worth $1,406,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CSTM. GAMMA Investing LLC boosted 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 valued at $27,000 after buying an additional 2,585 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Constellium in the first quarter valued at approximately $38,000. Parallel Advisors LLC lifted its stake in Constellium by 519.2% during the first 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 last quarter. US Bancorp DE lifted its stake in Constellium by 1,034.7% during the first 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 last quarter. Finally, Signaturefd LLC lifted its stake in Constellium by 20.3% during the first 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 last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Price Performance

NYSE CSTM traded down $0.19 on Wednesday, hitting $13.73. 241,898 shares of the company's stock were exchanged, compared to its average volume of 1,557,688. The stock has a 50-day moving average of $14.00 and a 200-day moving average of $12.06. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. 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 $1.92 billion, a price-to-earnings ratio of 72.21 and a beta of 1.70.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.08 billion. Constellium had a return on equity of 3.43% and a net margin of 0.37%. Analysts expect that Constellium SE will post 1.1 earnings per share 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.