796,753 Shares in Constellium SE $CSTM Bought by Woodline Partners LP

Key Points

• Woodline Partners LP acquired 796,753 shares of Constellium SE valued at approximately $8 million, constituting about 0.56% of the company.
• Several institutional investors, including Nuveen LLC and Millennium Management LLC, have also significantly increased their stakes in Constellium, with institutional ownership now at 92.59%.
• Constellium reported a revenue of $2.10 billion for the last quarter but missed the earnings per share estimate, posting $0.25 compared to the expected $0.28.

Woodline Partners LP bought a new stake in Constellium SE (NYSE:CSTM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 796,753 shares of the industrial products company's stock, valued at approximately $8,039,000. Woodline Partners LP owned about 0.56% of Constellium at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Constellium by 2,485.6% during the 1st 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 during the period. Harvest Fund Management Co. Ltd purchased a new position in Constellium during the first quarter worth approximately $38,000. Parallel Advisors LLC boosted its holdings in shares of Constellium by 519.2% in the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 4,143 shares during the last quarter. US Bancorp DE grew its stake in shares of 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 period. Finally, Signaturefd LLC increased its holdings 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 worth $61,000 after buying an additional 1,013 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Trading Up 1.5%

NYSE CSTM traded up $0.23 during mid-day trading on Monday, hitting $15.17. The company's stock had a trading volume of 991,541 shares, compared to its average volume of 1,552,680. The firm has a market capitalization of $2.12 billion, a P/E ratio of 79.85 and a beta of 1.70. 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 SE has a 52-week low of $7.32 and a 52-week high of $17.27. The stock's fifty day simple moving average is $14.09 and its two-hundred day simple moving average is $12.29.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business 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%. Research analysts expect that Constellium SE will post 1.1 EPS for the current year.

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.