Constellium SE (NYSE:CSTM) Sees Significant Growth in Short Interest

Constellium SE (NYSE:CSTM - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,850,000 shares, a growth of 6.3% from the March 15th total of 1,740,000 shares. Based on an average daily volume of 695,900 shares, the short-interest ratio is presently 2.7 days. Approximately 1.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Constellium

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in Constellium by 1.7% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock valued at $267,212,000 after acquiring an additional 251,829 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Constellium by 3.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 14,604,987 shares of the industrial products company's stock valued at $172,777,000 after buying an additional 446,722 shares in the last quarter. BlackRock Inc. grew its stake in shares of Constellium by 2.7% in the 3rd quarter. BlackRock Inc. now owns 10,822,523 shares of the industrial products company's stock valued at $109,742,000 after buying an additional 289,631 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Constellium by 2.5% in the 3rd quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company's stock valued at $103,350,000 after buying an additional 136,338 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Constellium by 13.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,355,241 shares of the industrial products company's stock valued at $60,395,000 after buying an additional 392,614 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

CSTM has been the topic of a number of research analyst reports. UBS Group initiated coverage on Constellium in a report on Tuesday, January 16th. They set a "buy" rating and a $27.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Constellium from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Constellium from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, January 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $25.60.

Constellium Trading Down 0.2 %

CSTM traded down $0.04 during trading on Tuesday, reaching $20.97. The company had a trading volume of 939,985 shares, compared to its average volume of 698,347. The firm's 50-day simple moving average is $20.34 and its 200 day simple moving average is $18.77. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 22.55 and a beta of 1.71. Constellium has a 12-month low of $13.40 and a 12-month high of $23.20. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.23). The company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. Equities research analysts anticipate that Constellium will post 1.95 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.