Millennium Management LLC lifted its holdings in Constellium SE (NYSE:CSTM - Free Report) by 33.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,481,878 shares of the industrial products company's stock after purchasing an additional 622,367 shares during the period. Millennium Management LLC owned about 1.69% of Constellium worth $25,489,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its position in shares of Constellium by 26.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company's stock worth $203,642,000 after acquiring an additional 4,181,823 shares in the last quarter. Nut Tree Capital Management LP grew its position in Constellium by 52.8% during the fourth quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company's stock valued at $56,485,000 after purchasing an additional 1,900,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Constellium by 112.2% during the fourth 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 purchasing an additional 1,282,587 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Constellium by 242.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock valued at $15,636,000 after purchasing an additional 1,078,196 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in Constellium during the fourth quarter valued at approximately $8,615,000. Institutional investors and hedge funds own 92.59% of the company's stock.
Constellium Stock Performance
CSTM stock opened at $12.16 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 38.00 and a beta of 1.65. Constellium SE has a 12 month low of $7.33 and a 12 month high of $22.00. The firm has a 50 day moving average of $10.18 and a two-hundred day moving average of $10.63.
Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.07 by $0.19. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, equities analysts anticipate that Constellium SE will post 1.1 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Tuesday, February 25th.
Read Our Latest Analysis on Constellium
About Constellium
(
Free Report)
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.
Further Reading
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