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

Whitebox Advisors LLC cut its position in Constellium SE (NYSE:CSTM) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 319,361 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. Whitebox Advisors LLC’s holdings in Constellium were worth $6,020,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Constellium in the fourth quarter valued at approximately $18,845,000. Vaughan Nelson Investment Management L.P. boosted its stake in Constellium by 8.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after purchasing an additional 257,618 shares during the period. Vanguard Group Inc. grew its position in Constellium by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after purchasing an additional 145,604 shares during the last quarter. Sei Investments Co. increased its stake in Constellium by 170.2% in the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock valued at $6,183,000 after purchasing an additional 176,158 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Constellium in the first quarter valued at about $1,106,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

Shares of CSTM opened at $16.26 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The stock’s 50 day moving average is $16.59 and its two-hundred day moving average is $19.15. Constellium SE has a twelve month low of $14.12 and a twelve month high of $23.20. The firm has a market capitalization of $2.35 billion, a PE ratio of 18.07 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft lowered their price target on Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. JPMorgan Chase & Co. dropped their target price on Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Finally, BMO Capital Markets decreased their price target on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $25.00.

About Constellium

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.