Ionic Capital Management LLC Decreases Position in Constellium SE (NYSE:CSTM)

Ionic Capital Management LLC cut its stake in Constellium SE (NYSE:CSTM - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 281,394 shares of the industrial products company's stock after selling 250,096 shares during the period. Constellium comprises approximately 0.3% of Ionic Capital Management LLC's portfolio, making the stock its 18th largest position. Ionic Capital Management LLC owned approximately 0.19% of Constellium worth $2,890,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new position in Constellium in the fourth quarter valued at $31,000. New Age Alpha Advisors LLC purchased a new position in shares of Constellium during the fourth quarter worth about $70,000. Quadrant Capital Group LLC increased its position in Constellium by 25.8% in the 4th 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 during the period. Virtu Financial LLC purchased a new stake in Constellium during the 4th quarter valued at approximately $106,000. Finally, Mariner LLC purchased a new stake in Constellium during the 4th quarter valued at approximately $107,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Stock Performance

Shares of CSTM stock traded down $0.31 during mid-day trading on Friday, hitting $11.78. The stock had a trading volume of 2,127,569 shares, compared to its average volume of 1,431,358. The firm has a market cap of $1.68 billion, a PE ratio of 36.80 and a beta of 1.65. The company's 50-day simple moving average is $10.18 and its 200-day simple moving average is $10.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a fifty-two week low of $7.33 and a fifty-two week high of $22.00.

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

Wall Street Analysts Forecast Growth

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

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.