Encompass Capital Advisors LLC Boosts Stock Position in Constellium SE $CSTM

Key Points

• Encompass Capital Advisors LLC increased its stake in Constellium SE by 82.6%, acquiring an additional 1,519,220 shares, bringing its total holdings to 3,357,544 shares valued at approximately $33.88 million.
• Other institutional investors also increased their positions significantly in Constellium, with some firms boosting their stakes by more than 2,000% during the first quarter.
• Constellium reported a miss in earnings with $0.25 EPS for the last quarter, below analysts' expectations of $0.28, despite achieving revenue of $2.10 billion.

Encompass Capital Advisors LLC boosted its holdings in Constellium SE (NYSE:CSTM - Free Report) by 82.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,357,544 shares of the industrial products company's stock after buying an additional 1,519,220 shares during the quarter. Encompass Capital Advisors LLC owned approximately 2.35% of Constellium worth $33,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CSTM. GAMMA Investing LLC boosted 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 worth $27,000 after acquiring an additional 2,585 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Constellium during the 1st quarter worth $38,000. Parallel Advisors LLC raised its stake in Constellium by 519.2% in 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 period. US Bancorp DE grew its holdings in Constellium by 1,034.7% during the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock valued at $52,000 after buying an additional 4,708 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Constellium by 20.3% during 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 in the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Price Performance

Shares of NYSE CSTM traded down $0.52 during midday trading on Tuesday, hitting $13.82. 507,454 shares of the company's stock were exchanged, compared to its average volume of 1,554,052. Constellium SE has a 12-month low of $7.32 and a 12-month high of $17.27. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 72.69 and a beta of 1.70. The business's fifty day moving average price is $14.07 and its two-hundred day moving average price is $12.20.

Constellium (NYSE:CSTM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $2.10 billion during 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, research analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal 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.