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 filing with the Securities & Exchange Commission. The firm owned 1,529,818 shares of the industrial products company's stock after buying 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 Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Squarepoint Ops LLC grew its stake in shares of Constellium by 1.0% in the 4th quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company's stock valued at $1,177,000 after buying an additional 1,164 shares during the period. Handelsbanken Fonder AB grew its stake in Constellium by 9.7% in the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company's stock valued at $175,000 after acquiring an additional 1,500 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Constellium by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 1,645 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Constellium by 2.7% during the fourth quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock worth $787,000 after purchasing an additional 1,989 shares during the period. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of Constellium by 9.3% in the 4th quarter. Point72 Hong Kong Ltd now owns 27,878 shares of the industrial products company's stock worth $286,000 after purchasing an additional 2,381 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Constellium Stock Down 0.4%

CSTM traded down $0.06 during midday trading on Wednesday, reaching $12.25. 928,673 shares of the company were exchanged, compared to its average volume of 1,446,505. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 38.27 and a beta of 1.65. Constellium SE has a one year low of $7.33 and a one year high of $22.00. The company's fifty day moving average price is $10.18 and its 200 day moving average price is $10.65. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

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, topping the consensus estimate of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. Constellium's revenue was up 5.3% compared to the same quarter last year. As a group, analysts expect that Constellium SE will post 1.1 EPS for the current year.

Analyst Ratings Changes

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

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.