T. Rowe Price Investment Management Inc. Trims Stock Holdings in Constellium SE $CSTM

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. lowered its holdings in Constellium SE (NYSE:CSTM - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 13.43% of Constellium worth $193,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CSTM. GAMMA Investing LLC raised its position in Constellium by 2,485.6% in the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company's stock worth $27,000 after buying an additional 2,585 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Constellium during the first quarter valued at approximately $38,000. Parallel Advisors LLC raised its stake in Constellium by 519.2% during the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock valued at $50,000 after buying an additional 4,143 shares during the last quarter. US Bancorp DE raised its stake in Constellium by 1,034.7% during the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock valued at $52,000 after buying an additional 4,708 shares during the last quarter. Finally, Signaturefd LLC raised its stake in 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 buying an additional 1,013 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Constellium Stock Performance

CSTM traded up $0.5050 during mid-day trading on Friday, reaching $14.7450. 1,807,419 shares of the company traded hands, compared to its average volume of 1,502,121. The stock has a market capitalization of $2.06 billion, a P/E ratio of 77.61 and a beta of 1.69. The company has a quick ratio of 0.53, a current ratio of 1.23 and a debt-to-equity ratio of 2.47. Constellium SE has a 52-week low of $7.32 and a 52-week high of $17.27. The company's fifty day moving average price is $13.82 and its 200-day moving average price is $11.82.

Constellium (NYSE:CSTM - Get Free Report) last posted 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). Constellium had a net margin of 0.37% and a return on equity of 3.43%. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.08 billion. On average, sell-side analysts expect 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.