Vanguard Group Inc. Sells 108,601 Shares of Constellium SE $CSTM

Key Points

• Vanguard Group Inc. has reduced its stake in Constellium SE by 5.7%, selling 108,601 shares and now owning 1.26% of the company's shares, valued at approximately $18.2 million.
• Other institutional investors have increased their holdings in Constellium significantly, with GAMMA Investing LLC raising its position by 2,485.6% in the first quarter.
• Constellium reported $0.25 earnings per share for the last quarter, missing estimates, while revenue was $2.10 billion, exceeding expectations.

Vanguard Group Inc. trimmed its holdings in Constellium SE (NYSE:CSTM - Free Report) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,804,659 shares of the industrial products company's stock after selling 108,601 shares during the period. Vanguard Group Inc. owned 1.26% of Constellium worth $18,209,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. lifted its holdings 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 worth $24,915,000 after purchasing an additional 1,282,587 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Constellium in the fourth quarter valued at approximately $8,615,000. Westwood Holdings Group Inc. lifted its stake in shares of Constellium by 12.2% in the first quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company's stock worth $65,773,000 after buying an additional 708,412 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Constellium during the 4th quarter worth $7,138,000. Finally, Voloridge Investment Management LLC grew its stake 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 buying an additional 683,876 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Performance

CSTM traded up $0.09 during trading on Thursday, hitting $13.92. The stock had a trading volume of 1,682,034 shares, compared to its average volume of 1,051,663. The firm has a market cap of $1.94 billion, a PE ratio of 73.24 and a beta of 1.70. 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 12 month low of $7.32 and a 12 month high of $17.27. The company has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $12.11.

Constellium (NYSE:CSTM - Get Free Report) last released 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 firm had revenue of $2.10 billion for 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%. Analysts expect that Constellium SE will post 1.1 EPS for the current 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.