Bridgeway Capital Management LLC Has $17.71 Million Position in Constellium SE $CSTM

Bridgeway Capital Management LLC increased its position in Constellium SE (NYSE:CSTM) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 939,231 shares of the industrial products company’s stock after buying an additional 25,187 shares during the period. Bridgeway Capital Management LLC’s holdings in Constellium were worth $17,705,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CSTM. Farther Finance Advisors LLC raised its position in shares of Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,467 shares during the period. Allworth Financial LP grew its stake in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 714 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Constellium by 578.6% in the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 2,002 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 707 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Down 1.4%

Shares of NYSE CSTM opened at $33.71 on Thursday. The stock has a market cap of $4.59 billion, a PE ratio of 10.91 and a beta of 1.55. The business has a fifty day moving average of $32.53 and a two-hundred day moving average of $25.99. Constellium SE has a 52-week low of $12.68 and a 52-week high of $36.99. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue was up 24.4% on a year-over-year basis. As a group, equities research analysts expect that Constellium SE will post 3.34 earnings per share for the current fiscal year.

Constellium declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Constellium news, Director Michiel Brandjes sold 10,400 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $31.25, for a total transaction of $325,000.00. Following the transaction, the director owned 41,600 shares in the company, valued at approximately $1,300,000. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nicolas Brun sold 26,661 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $33.85, for a total value of $902,474.85. Following the transaction, the senior vice president owned 104,891 shares of the company’s stock, valued at $3,550,560.35. The trade was a 20.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 195,153 shares of company stock valued at $6,369,312 over the last three months. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSTM shares. UBS Group initiated coverage on shares of Constellium in a research note on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price objective on the stock. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $40.00 target price on shares of Constellium in a research report on Thursday, April 30th. Weiss Ratings raised Constellium from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Wells Fargo & Company raised their target price on Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Constellium has an average rating of “Buy” and a consensus price target of $36.60.

Constellium Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.