Strs Ohio Purchases New Position in Constellium SE $CSTM

Key Points

• Strs Ohio has made a new investment in Constellium SE, acquiring 61,400 shares valued at approximately $620,000 during the first quarter.
• Institutional investors collectively own 92.59% of Constellium's stock, indicating significant institutional interest in the company.
• Constellium reported earnings of $0.25 per share for the last quarter, which missed analysts' expectations of $0.28, although it surpassed revenue estimates with $2.10 billion.

Strs Ohio acquired a new position in shares of Constellium SE (NYSE:CSTM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 61,400 shares of the industrial products company's stock, valued at approximately $620,000.

Several other institutional investors also recently modified their holdings of CSTM. Ameriprise Financial Inc. increased its stake in shares of Constellium by 40.0% during the 4th quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company's stock worth $1,260,000 after purchasing an additional 35,080 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Constellium by 33.9% during the 4th quarter. Deutsche Bank AG now owns 125,389 shares of the industrial products company's stock worth $1,288,000 after purchasing an additional 31,713 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Constellium by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,628 shares of the industrial products company's stock worth $756,000 after purchasing an additional 2,745 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Constellium by 55.8% during the 4th quarter. Quantinno Capital Management LP now owns 21,659 shares of the industrial products company's stock worth $222,000 after purchasing an additional 7,760 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Constellium by 47.6% during the 4th quarter. ProShare Advisors LLC now owns 40,044 shares of the industrial products company's stock worth $411,000 after purchasing an additional 12,915 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Performance

Shares of Constellium stock traded down $0.15 during trading on Tuesday, hitting $15.11. 221,605 shares of the stock were exchanged, compared to its average volume of 1,538,520. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 79.50 and a beta of 1.70. The company has a fifty day moving average price of $14.23 and a 200-day moving average price of $12.47. Constellium SE has a 1-year low of $7.32 and a 1-year high of $17.03. 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 released its quarterly earnings data 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). The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.08 billion. Constellium had a return on equity of 3.43% and a net margin of 0.37%. As a group, equities analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Constellium Company 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.