Constellium SE $CSTM Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in Constellium SE by 858.6% during the first quarter, owning 242,879 shares valued at approximately $2.45 million.
• Other institutional investors are also increasing their stakes in Constellium, with notable increases from firms like Allspring Global Investments and GAMMA Investing.
• Constellium's stock has seen a 2.4% increase recently, trading at $14.42, while the company reported revenue of $2.10 billion in its last quarterly earnings.

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 858.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,879 shares of the industrial products company's stock after acquiring an additional 217,541 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Constellium worth $2,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of Constellium by 26.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company's stock valued at $203,642,000 after buying an additional 4,181,823 shares during the period. Nut Tree Capital Management LP increased its holdings in shares of Constellium by 52.8% in 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 during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Constellium by 112.2% in 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 buying an additional 1,282,587 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Constellium in the fourth quarter valued at approximately $8,615,000. Finally, Westwood Holdings Group Inc. boosted 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 valued at $65,773,000 after buying an additional 708,412 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Price Performance

CSTM traded up $0.3150 during trading on Tuesday, reaching $14.4450. 133,795 shares of the stock were exchanged, compared to its average volume of 1,589,950. The business's 50 day moving average price is $13.76 and its two-hundred day moving average price is $11.71. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.23 and a quick ratio of 0.53. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 76.19 and a beta of 1.69. Constellium SE has a 1 year low of $7.32 and a 1 year high of $17.27.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $2.08 billion. Constellium had a return on equity of 3.43% and a net margin of 0.37%. As a group, equities research analysts anticipate 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.