Constellium SE (NYSE:CSTM) Shares Acquired by Summit Global Investments

Summit Global Investments boosted its position in Constellium SE (NYSE:CSTM - Free Report) by 155.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,108 shares of the industrial products company's stock after buying an additional 21,946 shares during the period. Summit Global Investments' holdings in Constellium were worth $364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in shares of Constellium during the 4th quarter worth $31,000. New Age Alpha Advisors LLC acquired a new position in Constellium in the fourth quarter valued at $70,000. Quadrant Capital Group LLC lifted its position in Constellium by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock worth $82,000 after buying an additional 1,645 shares during the period. Virtu Financial LLC acquired a new stake in Constellium in the 4th quarter worth about $106,000. Finally, Mariner LLC purchased a new stake in Constellium in the 4th quarter valued at about $107,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Tuesday, February 25th.

Constellium Trading Up 1.1%

Shares of CSTM stock traded up $0.14 on Wednesday, reaching $12.82. 830,602 shares of the stock were exchanged, compared to its average volume of 1,460,532. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The stock has a market cap of $1.83 billion, a P/E ratio of 40.06 and a beta of 1.65. The firm has a 50 day moving average of $10.30 and a two-hundred day moving average of $10.67. Constellium SE has a 1-year low of $7.33 and a 1-year high of $21.71.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.07 by $0.19. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. On average, research analysts anticipate that Constellium SE will post 1.1 EPS for the current 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.