Kerrisdale Advisers LLC Buys Shares of 56,776 Constellium SE (NYSE:CSTM)

Kerrisdale Advisers LLC purchased a new position in shares of Constellium SE (NYSE:CSTM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 56,776 shares of the industrial products company's stock, valued at approximately $583,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSTM. Barclays PLC grew its holdings in shares of Constellium by 476.1% during the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock worth $5,473,000 after buying an additional 278,149 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Constellium by 19.5% in the third quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company's stock valued at $2,661,000 after purchasing an additional 26,686 shares during the period. Principal Financial Group Inc. raised its stake in shares of Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock worth $22,693,000 after purchasing an additional 364,423 shares during the last quarter. Rockingstone Advisors LLC raised its stake in shares of Constellium by 48.1% during the fourth quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company's stock worth $2,577,000 after purchasing an additional 81,467 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Constellium by 41.7% in the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock valued at $611,000 after buying an additional 17,515 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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 objective for the company in a research report on Tuesday, February 25th.

Constellium Price Performance

Shares of NYSE CSTM traded down $0.09 during trading on Friday, hitting $9.30. 1,505,356 shares of the company were exchanged, compared to its average volume of 1,353,747. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a 1 year low of $7.33 and a 1 year high of $22.00. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 29.06 and a beta of 1.65. The firm's fifty day moving average price is $10.14 and its 200 day moving average price is $10.85.

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

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.