Rockingstone Advisors LLC Buys 28,645 Shares of Constellium SE (NYSE:CSTM)

Rockingstone Advisors LLC increased its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,562 shares of the industrial products company's stock after purchasing an additional 28,645 shares during the quarter. Rockingstone Advisors LLC owned about 0.19% of Constellium worth $2,821,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Squarepoint Ops LLC boosted its stake in Constellium by 1.0% in the fourth quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company's stock valued at $1,177,000 after acquiring an additional 1,164 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company's stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Constellium by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock worth $82,000 after purchasing an additional 1,645 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Constellium by 2.7% during the fourth quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock worth $787,000 after purchasing an additional 1,989 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in shares of Constellium by 9.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 27,878 shares of the industrial products company's stock worth $286,000 after purchasing an additional 2,381 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

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 price target on the stock in a research report on Tuesday, February 25th.

Constellium Stock Down 2.1%

CSTM stock traded down $0.30 during midday trading on Friday, hitting $13.66. The company's stock had a trading volume of 1,402,874 shares, compared to its average volume of 1,475,538. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a twelve month low of $7.33 and a twelve month high of $20.67. The company's fifty day moving average price is $10.95 and its 200 day moving average price is $10.74. The stock has a market capitalization of $1.95 billion, a P/E ratio of 42.69 and a beta of 1.69.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.11 EPS. The company's revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts predict 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.