358,905 Shares in Constellium SE (NYSE:CSTM) Acquired by Moore Capital Management LP

Moore Capital Management LP bought a new stake in Constellium SE (NYSE:CSTM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 358,905 shares of the industrial products company's stock, valued at approximately $3,686,000. Moore Capital Management LP owned about 0.24% of Constellium as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Constellium by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company's stock worth $9,730,000 after acquiring an additional 124,140 shares during the period. State of Alaska Department of Revenue acquired a new position in Constellium in the fourth quarter valued at approximately $1,386,000. Barclays PLC lifted its stake 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 buying an additional 278,149 shares during the period. Renaissance Technologies LLC acquired a new position in Constellium in the fourth quarter valued at approximately $775,000. Finally, SG Americas Securities LLC lifted its stake in Constellium by 41.7% in the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock valued at $611,000 after buying an additional 17,515 shares during the period. Institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

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

Constellium Stock Down 2.5%

Constellium stock traded down $0.31 during trading on Friday, hitting $11.78. 2,127,569 shares of the company were exchanged, compared to its average volume of 1,433,375. The business's 50 day moving average is $10.18 and its 200 day moving average is $10.63. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00. The company has a market capitalization of $1.68 billion, a P/E ratio of 36.80 and a beta of 1.65. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results 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 return on equity of 4.83% and a net margin of 0.67%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

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.