Hotchkis & Wiley Capital Management LLC Sells 126,870 Shares of Constellium SE $CSTM

Key Points

• Hotchkis & Wiley Capital Management LLC has reduced its stake in Constellium SE by 24.4% in the first quarter, now owning 392,590 shares valued at approximately $3.96 million.
• Several institutional investors, including Westwood Holdings Group and Janus Henderson Group, have increased their positions in Constellium, highlighting a strong interest from the hedge fund sector with 92.59% of the stock owned by institutional investors.
• Constellium reported a missed earnings estimate in its last quarterly report, with an EPS of $0.25 compared to the consensus of $0.28, despite achieving revenue of $2.10 billion.

Hotchkis & Wiley Capital Management LLC lowered its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 392,590 shares of the industrial products company's stock after selling 126,870 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.27% of Constellium worth $3,961,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in Constellium by 20.3% during the first quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock valued at $61,000 after buying an additional 1,013 shares during the period. Squarepoint Ops LLC grew its position in Constellium by 1.0% during the fourth quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company's stock valued at $1,177,000 after buying an additional 1,164 shares during the period. SummerHaven Investment Management LLC grew its position in Constellium by 3.6% during the first quarter. SummerHaven Investment Management LLC now owns 42,132 shares of the industrial products company's stock valued at $425,000 after buying an additional 1,448 shares during the period. MetLife Investment Management LLC grew its position in Constellium by 2.7% during the fourth quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock valued at $787,000 after buying an additional 1,989 shares during the period. Finally, Point72 Hong Kong Ltd grew its position in Constellium by 9.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 27,878 shares of the industrial products company's stock valued at $286,000 after buying an additional 2,381 shares during the period. Institutional investors own 92.59% of the company's stock.

Constellium Stock Performance

CSTM traded down $0.08 during trading on Thursday, hitting $14.52. 812,228 shares of the company traded hands, compared to its average volume of 1,284,948. The firm has a market cap of $2.03 billion, a P/E ratio of 76.40 and a beta of 1.69. The stock's fifty day moving average is $13.93 and its 200 day moving average is $11.94. The company has a quick ratio of 0.53, a current ratio of 1.23 and a debt-to-equity ratio of 2.47. Constellium SE has a one year low of $7.32 and a one year high of $17.27.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.43%. As a group, equities analysts predict 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.