Numerai GP LLC Makes New $427,000 Investment in Constellium SE (NYSE:CSTM)

Numerai GP LLC bought a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,597 shares of the industrial products company's stock, valued at approximately $427,000.

A number of other hedge funds have also recently modified their holdings of CSTM. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Constellium by 26.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company's stock valued at $203,642,000 after purchasing an additional 4,181,823 shares during the period. Nut Tree Capital Management LP lifted its holdings in shares of Constellium by 52.8% in the 4th quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company's stock worth $56,485,000 after buying an additional 1,900,000 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Constellium by 112.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company's stock worth $24,915,000 after buying an additional 1,282,587 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Constellium by 242.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock worth $15,636,000 after buying an additional 1,078,196 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Constellium during the fourth quarter valued at $8,615,000. Institutional investors own 92.59% of the company's stock.

Constellium Stock Down 0.4%

Constellium stock traded down $0.05 during mid-day trading on Wednesday, reaching $12.33. 206,791 shares of the company were exchanged, compared to its average volume of 1,434,266. Constellium SE has a 12-month low of $7.33 and a 12-month high of $22.00. The business has a fifty day moving average of $10.19 and a 200 day moving average of $10.64. The firm has a market cap of $1.76 billion, a P/E ratio of 38.52 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19. The company 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 quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Research analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note 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.