Constellium SE (NYSE:CSTM) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Constellium SE (NYSE:CSTM) by 613.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 424,649 shares of the industrial products company’s stock after purchasing an additional 365,128 shares during the period. SG Americas Securities LLC’s holdings in Constellium were worth $4,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its holdings in shares of Constellium by 26.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock worth $203,642,000 after purchasing an additional 4,181,823 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Constellium by 4.8% during the fourth quarter. Janus Henderson Group PLC now owns 6,445,290 shares of the industrial products company’s stock worth $66,193,000 after purchasing an additional 292,335 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Constellium by 6.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 5,810,189 shares of the industrial products company’s stock worth $59,671,000 after purchasing an additional 334,639 shares during the last quarter. Nut Tree Capital Management LP grew its holdings in shares of Constellium by 52.8% during the fourth quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company’s stock worth $56,485,000 after purchasing an additional 1,900,000 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Constellium by 33.5% during the fourth quarter. Millennium Management LLC now owns 2,481,878 shares of the industrial products company’s stock worth $25,489,000 after purchasing an additional 622,367 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, February 25th.

Constellium Stock Performance

Shares of CSTM stock opened at $13.66 on Friday. The stock has a market capitalization of $1.95 billion, a PE ratio of 42.69 and a beta of 1.69. Constellium SE has a 52-week low of $7.33 and a 52-week high of $20.67. The stock’s 50-day moving average price is $10.95 and its 200 day moving average price is $10.75. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, equities research analysts forecast that Constellium SE will post 1.1 EPS for the current year.

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.