Woodline Partners LP Takes Position in Constellium SE $CSTM

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 acquired a new position in Constellium SE (NYSE:CSTM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 796,753 shares of the industrial products company's stock, valued at approximately $8,039,000. Woodline Partners LP owned approximately 0.56% of Constellium as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Constellium in the first quarter worth $19,630,000. Millennium Management LLC grew its holdings in Constellium by 65.8% in the first quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company's stock worth $41,525,000 after purchasing an additional 1,633,561 shares during the last quarter. Encompass Capital Advisors LLC grew its holdings in Constellium by 82.6% in the first quarter. Encompass Capital Advisors LLC now owns 3,357,544 shares of the industrial products company's stock worth $33,878,000 after purchasing an additional 1,519,220 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Constellium by 12.2% in the first quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company's stock worth $65,773,000 after purchasing an additional 708,412 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in Constellium by 80.8% in the fourth quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company's stock worth $15,711,000 after purchasing an additional 683,876 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Constellium Stock Up 1.9%

NYSE CSTM traded up $0.28 on Wednesday, hitting $15.26. The stock had a trading volume of 77,679 shares, compared to its average volume of 1,539,225. The business's fifty day moving average price is $14.12 and its 200 day moving average price is $12.34. 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 has a market cap of $2.13 billion, a price-to-earnings ratio of 80.39 and a beta of 1.70.

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 (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Constellium had a return on equity of 3.43% and a net margin of 0.37%.The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.08 billion. Equities research analysts anticipate that Constellium SE will post 1.1 earnings per share 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.