Rockingstone Advisors LLC Grows Position in Constellium SE (NYSE:CSTM)

Rockingstone Advisors LLC increased its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,562 shares of the industrial products company's stock after purchasing an additional 28,645 shares during the period. Rockingstone Advisors LLC owned approximately 0.19% of Constellium worth $2,821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSTM. T. Rowe Price Investment Management Inc. raised its position in Constellium by 26.7% during the 4th 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 purchasing an additional 4,181,823 shares during the last quarter. Janus Henderson Group PLC lifted its position in Constellium by 4.8% in the 4th quarter. Janus Henderson Group PLC now owns 6,445,290 shares of the industrial products company's stock valued at $66,193,000 after acquiring an additional 292,335 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Constellium by 6.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 5,810,189 shares of the industrial products company's stock valued at $59,671,000 after acquiring an additional 334,639 shares in the last quarter. Nut Tree Capital Management LP increased its stake in Constellium by 52.8% in the 4th 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 buying an additional 1,900,000 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Constellium by 33.5% during the 4th quarter. Millennium Management LLC now owns 2,481,878 shares of the industrial products company's stock valued at $25,489,000 after purchasing an additional 622,367 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Stock Down 0.3%

Shares of CSTM traded down $0.04 during mid-day trading on Thursday, hitting $13.70. The company's stock had a trading volume of 336,183 shares, compared to its average volume of 1,468,208. Constellium SE has a 52-week low of $7.33 and a 52-week high of $21.23. The company's 50-day moving average is $10.71 and its 200-day moving average is $10.74. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 42.81 and a beta of 1.69.

Constellium (NYSE:CSTM - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business posted $0.11 earnings per share. Constellium's revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Tuesday, February 25th.

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.