Massachusetts Financial Services Co. MA Buys 43,327 Shares of Constellium SE (NYSE:CSTM)

Massachusetts Financial Services Co. MA lifted its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 34.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 168,008 shares of the industrial products company's stock after buying an additional 43,327 shares during the period. Massachusetts Financial Services Co. MA owned 0.12% of Constellium worth $1,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSTM. T. Rowe Price Investment Management Inc. boosted its stake in shares of Constellium by 26.7% in the fourth 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 purchasing an additional 4,181,823 shares during the period. Nut Tree Capital Management LP grew its holdings in Constellium by 52.8% during the 4th quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company's stock worth $56,485,000 after acquiring an additional 1,900,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Constellium by 112.2% during the 4th 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. Bridgeway Capital Management LLC acquired a new position in Constellium during the 4th quarter worth $8,615,000. Finally, Capstone Investment Advisors LLC acquired a new position in Constellium during the 4th quarter worth $7,138,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Stock Performance

Shares of CSTM stock traded up $0.41 during trading hours on Tuesday, reaching $14.33. The stock had a trading volume of 1,473,265 shares, compared to its average volume of 1,501,870. 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 SE has a twelve month low of $7.33 and a twelve month high of $18.98. The firm has a 50-day simple moving average of $13.11 and a 200-day simple moving average of $11.20. The firm has a market capitalization of $2.05 billion, a PE ratio of 31.14 and a beta of 1.69.

Constellium (NYSE:CSTM - Get Free Report) last released 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. Constellium had a net margin of 0.92% and a return on equity of 7.74%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the company earned $0.11 EPS. Constellium's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current 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.