Moore Capital Management LP Acquires Shares of 358,905 Constellium SE (NYSE:CSTM)

Moore Capital Management LP acquired a new stake in Constellium SE (NYSE:CSTM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 358,905 shares of the industrial products company's stock, valued at approximately $3,686,000. Moore Capital Management LP owned 0.24% of Constellium at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its holdings in Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock valued at $5,473,000 after acquiring an additional 278,149 shares during the period. Franklin Resources Inc. grew its holdings in shares of Constellium by 19.5% during the 3rd quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company's stock worth $2,661,000 after purchasing an additional 26,686 shares during the period. Principal Financial Group Inc. lifted its position in Constellium by 35.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock worth $22,693,000 after acquiring an additional 364,423 shares in the last quarter. Rockingstone Advisors LLC lifted its position in Constellium by 48.1% during the 4th quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company's stock worth $2,577,000 after acquiring an additional 81,467 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Constellium by 41.7% in the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 17,515 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Stock Down 2.5%

NYSE:CSTM traded down $0.31 during trading hours on Friday, hitting $11.78. 2,127,569 shares of the company's stock traded hands, compared to its average volume of 1,436,553. The firm has a market cap of $1.68 billion, a P/E ratio of 36.80 and a beta of 1.65. Constellium SE has a twelve month low of $7.33 and a twelve month high of $22.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock's fifty day moving average price is $10.18 and its two-hundred day moving average price is $10.62.

Constellium (NYSE:CSTM - Get Free Report) last issued 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. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, research analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.