Man Group plc Has $6.32 Million Stake in Constellium SE (NYSE:CSTM)

Man Group plc raised its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 615,470 shares of the industrial products company's stock after purchasing an additional 63,015 shares during the period. Man Group plc owned 0.42% of Constellium worth $6,321,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Constellium by 476.1% in the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock worth $5,473,000 after acquiring an additional 278,149 shares during the period. SG Americas Securities LLC raised its holdings in Constellium by 41.7% during the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock worth $611,000 after purchasing an additional 17,515 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Constellium in the fourth quarter worth approximately $31,000. State of Alaska Department of Revenue bought a new position in Constellium during the 4th quarter valued at $1,386,000. Finally, Empowered Funds LLC acquired a new position in shares of Constellium during the 4th quarter valued at $5,856,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Stock Down 1.4%

Shares of Constellium stock traded down $0.16 during midday trading on Monday, hitting $11.66. The company's stock had a trading volume of 1,507,668 shares, compared to its average volume of 1,448,744. Constellium SE has a 1-year low of $7.33 and a 1-year high of $22.00. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $1.67 billion, a P/E ratio of 36.44 and a beta of 1.65. The stock has a 50-day simple moving average of $10.17 and a 200-day simple moving average of $10.64.

Constellium (NYSE:CSTM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.19. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, sell-side analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Tuesday, February 25th.

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.