Constellium SE (NYSE:CSTM) Holdings Lifted by Millennium Management LLC

Millennium Management LLC increased its holdings in Constellium SE (NYSE:CSTM) by 29.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,173,840 shares of the industrial products company’s stock after acquiring an additional 270,475 shares during the period. Millennium Management LLC owned about 0.81% of Constellium worth $22,127,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 676 shares during the period. SummerHaven Investment Management LLC grew its position in Constellium by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 698 shares in the last quarter. Signaturefd LLC increased its stake in Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after buying an additional 933 shares during the period. Advisors Asset Management Inc. lifted its position in Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after buying an additional 1,625 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Constellium by 7.6% during the 1st quarter. ProShare Advisors LLC now owns 25,680 shares of the industrial products company’s stock valued at $568,000 after buying an additional 1,822 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Down 2.8 %

CSTM stock opened at $15.07 on Friday. The firm has a market cap of $2.17 billion, a PE ratio of 16.86 and a beta of 1.59. Constellium SE has a 1 year low of $14.12 and a 1 year high of $23.20. The company has a fifty day simple moving average of $16.31 and a 200 day simple moving average of $18.98. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts anticipate that Constellium SE will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CSTM has been the topic of a number of research reports. BMO Capital Markets dropped their price target on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Constellium currently has an average rating of “Buy” and an average target price of $24.60.

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.