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

Constellium SE (NYSE:CSTM - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,980,000 shares, a drop of 15.4% from the January 31st total of 2,340,000 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 1,260,000 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $20.25.

Constellium Trading Up 4.5 %

Shares of CSTM opened at $10.63 on Wednesday. Constellium has a fifty-two week low of $9.04 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock has a fifty day moving average of $10.24 and a two-hundred day moving average of $12.57. The company has a market capitalization of $1.56 billion, a PE ratio of 33.00 and a beta of 1.68.

Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. As a group, analysts forecast that Constellium will post 1.1 EPS for the current year.

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently modified their holdings of CSTM. Advisors Asset Management Inc. increased its stake in shares of Constellium by 4.5% in the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company's stock worth $407,000 after buying an additional 1,079 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Constellium by 9.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company's stock worth $226,000 after purchasing an additional 1,162 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Constellium by 1.0% in the 4th quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company's stock valued at $1,177,000 after purchasing an additional 1,164 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company's stock valued at $175,000 after buying an additional 1,500 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock worth $82,000 after buying an additional 1,645 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.

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