Voloridge Investment Management LLC Acquires 683,876 Shares of Constellium SE (NYSE:CSTM)

Voloridge Investment Management LLC lifted its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 80.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,529,818 shares of the industrial products company's stock after acquiring an additional 683,876 shares during the quarter. Voloridge Investment Management LLC owned about 1.04% of Constellium worth $15,711,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its stake in 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 valued at $203,642,000 after purchasing an additional 4,181,823 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 in the last quarter. Westwood Holdings Group Inc. raised its holdings in Constellium by 6.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 5,810,189 shares of the industrial products company's stock valued at $59,671,000 after acquiring an additional 334,639 shares in 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 in 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 in the last quarter. Institutional investors own 92.59% of the company's stock.

Constellium Price Performance

Shares of NYSE CSTM traded up $0.61 during midday trading on Tuesday, reaching $12.29. 1,406,983 shares of the company traded hands, compared to its average volume of 1,448,577. Constellium SE has a 12 month low of $7.33 and a 12 month high of $22.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock's 50-day simple moving average is $10.17 and its 200-day simple moving average is $10.64. The firm has a market cap of $1.76 billion, a PE ratio of 38.41 and a beta of 1.65.

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Tuesday, February 25th.

About Constellium

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.