56,776 Shares in Constellium SE (NYSE:CSTM) Acquired by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC bought a new position in shares of Constellium SE (NYSE:CSTM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 56,776 shares of the industrial products company's stock, valued at approximately $583,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new position in shares of Constellium during the 4th quarter worth $31,000. New Age Alpha Advisors LLC purchased a new position in shares of Constellium during the 4th quarter worth $70,000. Quadrant Capital Group LLC raised its holdings in shares of Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock worth $82,000 after acquiring an additional 1,645 shares during the period. Virtu Financial LLC purchased a new position in shares of Constellium during the 4th quarter worth $106,000. Finally, Mariner LLC purchased a new position in shares of Constellium during the 4th quarter worth $107,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analysts Set New Price Targets

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

Constellium Stock Up 3.4 %

Shares of NYSE CSTM traded up $0.31 during midday trading on Tuesday, hitting $9.46. The company's stock had a trading volume of 1,297,657 shares, compared to its average volume of 1,557,798. Constellium SE has a 1 year low of $7.32 and a 1 year high of $22.00. The business's fifty day simple moving average is $10.15 and its two-hundred day simple moving average is $10.79. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 29.56 and a beta of 1.65. 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 (NYSE:CSTM - Get Free Report) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. On average, equities analysts predict 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.