Constellium SE (NYSE:CSTM) Stake Lifted by Mountaineer Partners Management LLC

Mountaineer Partners Management LLC grew its holdings in Constellium SE (NYSE:CSTM - Free Report) by 61.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 887,239 shares of the industrial products company's stock after acquiring an additional 338,105 shares during the quarter. Constellium accounts for about 6.7% of Mountaineer Partners Management LLC's investment portfolio, making the stock its 8th largest holding. Mountaineer Partners Management LLC owned about 0.60% of Constellium worth $9,112,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in Constellium by 15.1% during the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company's stock valued at $9,730,000 after purchasing an additional 124,140 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Constellium in the fourth quarter valued at approximately $1,386,000. Barclays PLC grew 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 purchasing an additional 278,149 shares in the last quarter. Renaissance Technologies LLC bought a new position in Constellium in the fourth quarter valued at approximately $775,000. Finally, SG Americas Securities LLC grew 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 purchasing an additional 17,515 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Price Performance

CSTM traded down $0.31 on Friday, reaching $11.78. The stock had a trading volume of 2,127,569 shares, compared to its average volume of 1,436,553. Constellium SE has a fifty-two week low of $7.33 and a fifty-two week high of $22.00. The firm has a 50-day moving average of $10.18 and a 200-day moving average of $10.63. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 36.80 and a beta of 1.65.

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

Wall Street Analyst Weigh In

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

Constellium 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.