Ionic Capital Management LLC Has $2.21 Million Stock Position in Constellium SE $CSTM

Key Points

• Ionic Capital Management LLC reduced its holdings in Constellium SE by 22.3%, selling 62,828 shares, and now holds approximately 0.3% of the company's stock.
• Shares of Constellium SE opened at $13.92 and have a market cap of $1.94 billion, with a PE ratio of 73.24.
• Constellium reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.03.

Ionic Capital Management LLC lessened its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 22.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,566 shares of the industrial products company's stock after selling 62,828 shares during the period. Constellium makes up about 0.3% of Ionic Capital Management LLC's portfolio, making the stock its 13th largest holding. Ionic Capital Management LLC owned approximately 0.15% of Constellium worth $2,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSTM. GAMMA Investing LLC lifted its holdings in shares of 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 period. Harvest Fund Management Co. Ltd bought a new stake in shares of Constellium during the 1st quarter worth approximately $38,000. Parallel Advisors LLC increased its position in Constellium by 519.2% during the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock worth $50,000 after purchasing an additional 4,143 shares in the last quarter. US Bancorp DE increased its position 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 worth $52,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Signaturefd LLC increased its position in Constellium by 20.3% during the 1st 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. Institutional investors own 92.59% of the company's stock.

Constellium Price Performance

CSTM stock traded down $0.58 during trading on Tuesday, reaching $13.75. 1,469,628 shares of the company were exchanged, compared to its average volume of 1,559,892. The company has a 50-day moving average of $14.07 and a two-hundred day moving average of $12.20. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 72.37 and a beta of 1.70. Constellium SE has a twelve month low of $7.32 and a twelve month high of $17.27. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.23 and a quick ratio of 0.53.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.08 billion. Constellium had a return on equity of 3.43% and a net margin of 0.37%. As a group, equities analysts predict that Constellium SE will post 1.1 earnings per share for the current fiscal year.

About Constellium

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.