Nuveen LLC Buys Shares of 1,945,454 Constellium SE $CSTM

Key Points

• Nuveen LLC has acquired a new position in Constellium SE, purchasing 1,945,454 shares valued at approximately $19.63 million, representing about 1.36% ownership of the company.
• Over 90% of Constellium's shares are currently held by institutional investors, indicating strong institutional interest in the company.
• Constellium's stock is up by 3.3% and has a market capitalization of $2.04 billion, with a recent earnings report showing a miss on EPS expectations despite a revenue beat.

Nuveen LLC acquired a new position in shares of Constellium SE (NYSE:CSTM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,945,454 shares of the industrial products company's stock, valued at approximately $19,630,000. Nuveen LLC owned about 1.36% of Constellium as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Constellium by 20.3% during the first quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock worth $61,000 after buying an additional 1,013 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Constellium by 1.0% during the fourth quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company's stock worth $1,177,000 after buying an additional 1,164 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of Constellium by 3.6% during the first quarter. SummerHaven Investment Management LLC now owns 42,132 shares of the industrial products company's stock worth $425,000 after buying an additional 1,448 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Constellium by 2.7% during the fourth quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock worth $787,000 after buying an additional 1,989 shares during the period. Finally, Point72 Hong Kong Ltd boosted its stake in shares of Constellium by 9.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 27,878 shares of the industrial products company's stock worth $286,000 after buying an additional 2,381 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Constellium Stock Performance

Shares of CSTM traded down $0.44 during mid-day trading on Monday, hitting $14.31. 759,527 shares of the company's stock were exchanged, compared to its average volume of 1,526,005. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $17.27. The firm has a market capitalization of $2.00 billion, a P/E ratio of 75.32 and a beta of 1.69. The business's 50 day moving average is $13.84 and its two-hundred day moving average is $11.87. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47.

Constellium (NYSE:CSTM - Get Free Report) last announced 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). Constellium had a return on equity of 3.43% and a net margin of 0.37%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.08 billion. On average, equities analysts expect 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.