Constellium SE $CSTM Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Constellium SE by 3.2% in the first quarter, holding 19,199,315 shares valued at approximately $193.72 million.
• Institutional investors collectively own 92.59% of Constellium's stock, with GAMMA Investing LLC notably increasing its holdings by 2,485.6% during the same period.
• Constellium reported a quarterly earnings miss with $0.25 EPS, falling short of the consensus estimate of $0.28, despite revenue surpassing expectations at $2.10 billion.

T. Rowe Price Investment Management Inc. trimmed its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,199,315 shares of the industrial products company's stock after selling 629,423 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 13.43% of Constellium worth $193,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in Constellium by 2,485.6% in the first quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company's stock worth $27,000 after acquiring an additional 2,585 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Constellium during the 1st quarter worth $38,000. Parallel Advisors LLC grew its stake in shares of Constellium by 519.2% during the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock worth $50,000 after purchasing an additional 4,143 shares during the period. US Bancorp DE increased its holdings in shares of Constellium by 1,034.7% in the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Constellium by 20.3% during the 1st quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 1,013 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Price Performance

CSTM traded up $0.35 during trading on Tuesday, reaching $14.65. 283,348 shares of the stock were exchanged, compared to its average volume of 1,576,540. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 77.11 and a beta of 1.69. Constellium SE has a 1 year low of $7.32 and a 1 year high of $17.27. The business's 50 day moving average price is $13.84 and its two-hundred day moving average price is $11.87. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.23 and a quick ratio of 0.53.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). The company had revenue of $2.10 billion during 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 research analysts anticipate 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.