CenterBook Partners LP Has $7.29 Million Position in Constellium SE (NYSE:CSTM)

CenterBook Partners LP boosted its holdings in Constellium SE (NYSE:CSTM - Free Report) by 369.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 709,995 shares of the industrial products company's stock after buying an additional 558,820 shares during the quarter. CenterBook Partners LP owned 0.48% of Constellium worth $7,292,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kailix Advisors LLC lifted its holdings in shares of Constellium by 25.6% in the fourth quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company's stock valued at $21,415,000 after purchasing an additional 424,779 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Constellium by 242.7% in 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 acquiring an additional 1,078,196 shares in the last quarter. Principal Financial Group Inc. boosted its position in Constellium by 35.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock worth $22,693,000 after acquiring an additional 364,423 shares during the period. Victory Capital Management Inc. grew its stake in Constellium by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company's stock valued at $9,730,000 after acquiring an additional 124,140 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Constellium by 12.6% in the 4th quarter. JPMorgan Chase & Co. now owns 781,953 shares of the industrial products company's stock valued at $8,031,000 after purchasing an additional 87,456 shares during the period. Institutional investors own 92.59% of the company's stock.

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 on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Constellium has an average rating of "Moderate Buy" and an average price target of $20.25.

Constellium Stock Up 3.7 %

CSTM traded up $0.30 during midday trading on Monday, hitting $8.36. 983,960 shares of the company's stock traded hands, compared to its average volume of 1,330,992. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The company has a market cap of $1.20 billion, a PE ratio of 26.13 and a beta of 1.65. The stock's fifty day simple moving average is $10.31 and its 200-day simple moving average is $11.30. Constellium SE has a one year low of $7.33 and a one year high of $22.00.

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