Constellium SE $CSTM Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in shares of Constellium SE (NYSE:CSTM) by 170.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 920,965 shares of the industrial products company’s stock after acquiring an additional 580,378 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Constellium were worth $12,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd acquired a new position in Constellium during the first quarter worth about $230,000. US Bancorp DE grew its position in shares of Constellium by 1,034.7% in the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 4,708 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Constellium by 858.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 242,879 shares of the industrial products company’s stock worth $2,451,000 after purchasing an additional 217,541 shares in the last quarter. Invesco Ltd. raised its position in shares of Constellium by 3.7% during the 1st quarter. Invesco Ltd. now owns 137,150 shares of the industrial products company’s stock worth $1,384,000 after purchasing an additional 4,922 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Constellium in the 1st quarter valued at approximately $19,630,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Down 1.6%

NYSE:CSTM opened at $17.49 on Tuesday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 22.13 and a beta of 1.55. The stock has a 50-day simple moving average of $15.92 and a 200 day simple moving average of $14.61. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. Constellium SE has a one year low of $7.32 and a one year high of $18.33.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.25. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. Constellium’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. Sell-side analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSTM shares. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday, December 1st. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Wells Fargo & Company upped their price objective on shares of Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.

Constellium Company 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.