Ionic Capital Management LLC Sells 62,828 Shares of 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 reduced its holdings in Constellium SE (NYSE:CSTM - Free Report) by 22.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,566 shares of the industrial products company's stock after selling 62,828 shares during the quarter. Constellium accounts for 0.3% of Ionic Capital Management LLC's holdings, making the stock its 13th biggest position. Ionic Capital Management LLC owned about 0.15% of Constellium worth $2,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSTM. Nuveen LLC purchased a new stake in shares of Constellium during the first quarter valued at $19,630,000. Encompass Capital Advisors LLC increased its position in shares of Constellium by 82.6% in the first quarter. Encompass Capital Advisors LLC now owns 3,357,544 shares of the industrial products company's stock worth $33,878,000 after acquiring an additional 1,519,220 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Constellium by 112.2% in 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 acquiring an additional 1,282,587 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Constellium by 12.2% in the first quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company's stock worth $65,773,000 after acquiring an additional 708,412 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Constellium by 80.8% in the fourth quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company's stock worth $15,711,000 after acquiring an additional 683,876 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Trading Up 5.3%

Shares of Constellium stock traded up $0.73 during trading on Wednesday, hitting $14.46. The stock had a trading volume of 767,889 shares, compared to its average volume of 1,555,042. The stock has a 50 day simple moving average of $14.07 and a 200 day simple moving average of $12.21. The company has a market capitalization of $2.02 billion, a PE ratio of 76.27 and a beta of 1.70. 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 1 year low of $7.32 and a 1 year high of $17.27.

Constellium (NYSE:CSTM - Get Free Report) last released its 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 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%. On average, research analysts expect 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.