Whitebox Advisors LLC Increases Stock Position in Constellium SE (NYSE:CSTM)

Whitebox Advisors LLC grew its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 23.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 552,284 shares of the industrial products company's stock after acquiring an additional 105,000 shares during the period. Whitebox Advisors LLC owned about 0.38% of Constellium worth $5,672,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its position in Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company's stock worth $175,000 after acquiring an additional 1,500 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 1,645 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Constellium by 2.7% in the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock valued at $787,000 after purchasing an additional 1,989 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Constellium in the 4th quarter valued at $31,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Constellium by 16.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,311 shares of the industrial products company's stock worth $352,000 after buying an additional 4,937 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Stock Performance

NYSE CSTM opened at $10.22 on Thursday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 31.94 and a beta of 1.65. The stock has a fifty day simple moving average of $10.13 and a 200 day simple moving average of $10.78. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium SE has a twelve month low of $7.33 and a twelve month high of $22.00.

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised shares of 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.

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.

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