Constellium SE (NYSE:CSTM) Shares Purchased by Whitebox Advisors LLC

Whitebox Advisors LLC raised its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 40.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 447,284 shares of the industrial products company's stock after buying an additional 127,923 shares during the quarter. Whitebox Advisors LLC owned about 0.31% of Constellium worth $7,273,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. CWM LLC boosted its stake in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock worth $28,000 after buying an additional 676 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 1,753 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Constellium in the second quarter valued at about $85,000. Quarry LP grew its holdings in shares of Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 3,735 shares during the period. Finally, Signaturefd LLC increased its position in Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock worth $127,000 after purchasing an additional 933 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Trading Down 1.4 %

NYSE CSTM traded down $0.17 on Friday, reaching $11.73. The stock had a trading volume of 655,921 shares, compared to its average volume of 1,103,248. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The stock has a fifty day moving average price of $12.87 and a two-hundred day moving average price of $16.29. Constellium SE has a 12-month low of $10.49 and a 12-month high of $23.20. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 15.84 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.38). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. As a group, sell-side analysts forecast that Constellium SE will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSTM. StockNews.com downgraded shares of Constellium from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut Constellium from a "buy" rating to a "hold" rating and cut their target price for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. BMO Capital Markets decreased their price target on Constellium from $22.00 to $18.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their price target on Constellium from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Constellium 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.