Private Advisor Group LLC Increases Stock Holdings in Constellium SE (NYSE:CSTM)

Key Points

• Private Advisor Group LLC increased its stake in Constellium SE by 148.2% during Q1, owning approximately $1.01 million worth of shares after acquiring an additional 59,527 shares.
• Multiple institutional investors, including GAMMA Investing LLC and Parallel Advisors LLC, also significantly boosted their holdings in Constellium SE, indicating strong investor interest in the company.
• Constellium reported a quarterly revenue of $1.98 billion, beating estimates, and a significant increase in earnings per share, demonstrating positive financial performance for the period.

Private Advisor Group LLC boosted its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 148.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,685 shares of the industrial products company's stock after buying an additional 59,527 shares during the quarter. Private Advisor Group LLC owned approximately 0.07% of Constellium worth $1,006,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Constellium by 51.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 51,966 shares of the industrial products company's stock valued at $526,000 after buying an additional 17,655 shares during the period. GAMMA Investing LLC lifted its holdings in Constellium by 2,485.6% during the first quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 2,585 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Constellium by 40.0% during the fourth quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company's stock valued at $1,260,000 after purchasing an additional 35,080 shares during the last quarter. Deutsche Bank AG lifted its holdings in Constellium by 33.9% during the fourth quarter. Deutsche Bank AG now owns 125,389 shares of the industrial products company's stock valued at $1,288,000 after purchasing an additional 31,713 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Constellium by 519.2% during the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 4,143 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Constellium Stock Performance

NYSE CSTM traded down $0.62 during trading on Thursday, hitting $14.14. 398,827 shares of the company's stock traded hands, compared to its average volume of 1,611,213. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 74.69 and a beta of 1.69. Constellium SE has a 12-month low of $7.32 and a 12-month high of $18.15. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.53 and a current ratio of 1.24. The business has a 50 day moving average of $13.43 and a 200-day moving average of $11.39.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.39%. As a group, equities research analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

About Constellium

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.