Dark Forest Capital Management LP Makes New Investment in Constellium SE (NYSE:CSTM)

Dark Forest Capital Management LP acquired a new stake in Constellium SE (NYSE:CSTM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 22,463 shares of the industrial products company’s stock, valued at approximately $231,000.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Constellium by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock worth $9,730,000 after buying an additional 124,140 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Constellium during the fourth quarter valued at approximately $1,386,000. Barclays PLC grew its stake in Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock valued at $5,473,000 after purchasing an additional 278,149 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Constellium by 41.7% during the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company’s stock worth $611,000 after purchasing an additional 17,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Constellium during the 4th quarter worth approximately $333,000. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Up 5.3 %

CSTM opened at $9.63 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The stock’s fifty day simple moving average is $10.13 and its 200 day simple moving average is $10.78. Constellium SE has a 1-year low of $7.33 and a 1-year high of $22.00. The stock has a market cap of $1.38 billion, a PE ratio of 30.10 and a beta of 1.65.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. As a group, research analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, February 25th.

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.