Constellium SE (NYSE:CSTM) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 44.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 388,936 shares of the industrial products company's stock after purchasing an additional 120,570 shares during the quarter. Edgestream Partners L.P. owned 0.26% of Constellium worth $3,994,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Constellium by 35.3% in 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 buying an additional 364,423 shares in the last quarter. Kailix Advisors LLC lifted its holdings in shares of Constellium by 14.8% in the third quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company's stock valued at $26,998,000 after purchasing an additional 213,763 shares in the last quarter. Entropy Technologies LP grew its position in shares of Constellium by 43.3% in the third quarter. Entropy Technologies LP now owns 40,927 shares of the industrial products company's stock valued at $665,000 after purchasing an additional 12,369 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Constellium during the 3rd quarter worth approximately $684,000. Finally, Victory Capital Management Inc. raised its position in shares of Constellium by 15.6% during the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company's stock worth $13,387,000 after purchasing an additional 111,390 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Constellium Trading Up 1.7 %

CSTM stock traded up $0.21 during midday trading on Wednesday, hitting $12.05. The stock had a trading volume of 2,768,668 shares, compared to its average volume of 1,232,709. The company's 50-day moving average price is $10.37 and its 200 day moving average price is $12.37. 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 firm has a market cap of $1.73 billion, a PE ratio of 37.64 and a beta of 1.64. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.20.

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $20.25.

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.