ArrowMark Colorado Holdings LLC Increases Position in Constellium SE (NYSE:CSTM)

ArrowMark Colorado Holdings LLC increased its position in Constellium SE (NYSE:CSTM) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 578,913 shares of the industrial products company’s stock after acquiring an additional 50,000 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Constellium were worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its holdings in shares of Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,500 shares during the period. Quadrant Capital Group LLC raised its position in Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after buying an additional 1,645 shares during the last quarter. MetLife Investment Management LLC raised its position in Constellium by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company’s stock worth $787,000 after buying an additional 1,989 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Constellium in the 4th quarter valued at $31,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Constellium by 16.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,311 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 4,937 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Stock Performance

Shares of NYSE CSTM opened at $11.18 on Friday. Constellium SE has a 1 year low of $7.33 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The company’s fifty day moving average price is $10.12 and its 200 day moving average price is $10.70. The company has a market capitalization of $1.60 billion, a PE ratio of 34.94 and a beta of 1.65.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.19. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. On average, research analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report 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.