Highland Capital Management LLC Makes New Investment in Constellium SE (NYSE:CSTM)

Highland Capital Management LLC acquired a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,439 shares of the industrial products company's stock, valued at approximately $257,000.

Other large investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its position in shares of 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 valued at $203,642,000 after acquiring an additional 4,181,823 shares in the last quarter. Nut Tree Capital Management LP increased its stake in Constellium by 52.8% during 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 last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Constellium by 112.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company's stock worth $24,915,000 after purchasing an additional 1,282,587 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Constellium by 242.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock worth $15,636,000 after buying an additional 1,078,196 shares during the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in shares of Constellium in the 4th quarter worth about $8,615,000. Institutional investors own 92.59% of the company's stock.

Constellium Stock Performance

Shares of NYSE:CSTM traded up $0.56 during trading on Wednesday, reaching $14.40. 925,265 shares of the company's stock traded hands, compared to its average volume of 1,495,347. The stock has a market capitalization of $2.06 billion, a P/E ratio of 31.28 and a beta of 1.70. Constellium SE has a 12 month low of $7.33 and a 12 month high of $19.65. The company has a 50 day moving average of $12.12 and a 200-day moving average of $10.86. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.24 and a quick ratio of 0.53.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.07 by $0.19. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. Constellium had a return on equity of 7.74% and a net margin of 0.92%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 earnings per share. On average, equities analysts expect that Constellium SE will post 1.1 EPS 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.