Westwood Holdings Group Inc. Increases Stake in Constellium SE (NYSE:CSTM)

Key Points

• Westwood Holdings Group Inc. increased its stake in Constellium SE by 12.2%, owning 6,518,601 shares after purchasing an additional 708,412 shares in the first quarter.
• Several hedge funds significantly boosted their investments in Constellium, with GAMMA Investing LLC increasing its holdings by 2,485.6%, now owning 2,689 shares.
• Constellium's latest earnings report revealed a missed EPS estimate of $0.25 compared to an expected $0.28, though revenue for the quarter reached $2.10 billion, exceeding analyst expectations.

Westwood Holdings Group Inc. grew its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,518,601 shares of the industrial products company's stock after buying an additional 708,412 shares during the period. Westwood Holdings Group Inc. owned 4.56% of Constellium worth $65,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Constellium by 2,485.6% during the 1st 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 in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Constellium during the 1st quarter worth approximately $38,000. Parallel Advisors LLC boosted its position in shares of Constellium by 519.2% during the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock valued at $50,000 after acquiring an additional 4,143 shares during the last quarter. US Bancorp DE grew its holdings in shares of Constellium by 1,034.7% in the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Signaturefd LLC increased its position in Constellium by 20.3% in 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. Hedge funds and other institutional investors own 92.59% of the company's stock.

Constellium Price Performance

Constellium stock traded up $0.04 during mid-day trading on Friday, reaching $13.42. 1,098,668 shares of the company's stock traded hands, compared to its average volume of 1,540,965. Constellium SE has a 12-month low of $7.32 and a 12-month high of $17.27. The company has a quick ratio of 0.53, a current ratio of 1.23 and a debt-to-equity ratio of 2.47. The stock has a 50 day moving average of $13.62 and a two-hundred day moving average of $11.52. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 70.66 and a beta of 1.69.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Constellium had a return on equity of 3.43% and a net margin of 0.37%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. Equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

About Constellium

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.