Constellium SE $CSTM Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Constellium SE by 79.2% during the first quarter, acquiring an additional 222,690 shares for a total of 504,020 shares valued at approximately $5.09 million.
• Several other institutional investors also boosted their stakes in Constellium, with notable increases from T. Rowe Price (+26.7%) and Nut Tree Capital (+52.8%).
• Constellium's stock recently opened at $14.195 with a market capitalization of $1.98 billion, having reported earnings that missed consensus estimates by $0.03.

Russell Investments Group Ltd. lifted its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 79.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 504,020 shares of the industrial products company's stock after acquiring an additional 222,690 shares during the quarter. Russell Investments Group Ltd. owned 0.35% of Constellium worth $5,086,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its position in shares of 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 worth $203,642,000 after purchasing an additional 4,181,823 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in 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 valued at $65,773,000 after acquiring an additional 708,412 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Constellium by 4.8% in the 4th quarter. Janus Henderson Group PLC now owns 6,445,290 shares of the industrial products company's stock valued at $66,193,000 after acquiring an additional 292,335 shares during the last quarter. Nut Tree Capital Management LP raised its holdings in 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 valued at $56,485,000 after acquiring an additional 1,900,000 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Constellium by 33.5% in the 4th quarter. Millennium Management LLC now owns 2,481,878 shares of the industrial products company's stock valued at $25,489,000 after acquiring an additional 622,367 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

CSTM stock traded up $0.06 during mid-day trading on Wednesday, reaching $14.62. The company's stock had a trading volume of 934,079 shares, compared to its average volume of 1,372,501. The stock has a market cap of $2.04 billion, a PE ratio of 76.93 and a beta of 1.69. 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 SE has a fifty-two week low of $7.32 and a fifty-two week high of $17.27. The company's 50 day moving average is $13.89 and its two-hundred day moving average is $11.91.

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 analysts' consensus estimates of $0.28 by ($0.03). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.43%. Equities research analysts expect that Constellium SE will post 1.1 EPS 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.