Nuveen LLC Takes Position in 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 purchased a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSTM. T. Rowe Price Investment Management Inc. raised its position in Constellium by 26.7% during the 4th 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 last quarter. Nut Tree Capital Management LP increased its stake in shares of Constellium by 52.8% in 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. increased its stake in shares of Constellium by 112.2% in 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 bought a new position in shares of Constellium in the 4th quarter worth about $8,615,000. Finally, Westwood Holdings Group Inc. increased its stake in shares of Constellium by 12.2% in the 1st 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. Institutional investors own 92.59% of the company's stock.

Constellium Stock Up 3.5%

Shares of Constellium stock traded up $0.5050 during trading on Friday, hitting $14.7450. The company's stock had a trading volume of 1,807,419 shares, compared to its average volume of 1,502,121. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 1.23. The company has a fifty day simple moving average of $13.82 and a two-hundred day simple moving average of $11.81. The company has a market capitalization of $2.06 billion, a PE ratio of 77.61 and a beta of 1.69. Constellium SE has a 52 week low of $7.32 and a 52 week high of $17.27.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.08 billion. Equities research analysts predict 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.