Ionic Capital Management LLC Sells 250,096 Shares of Constellium SE (NYSE:CSTM)

Ionic Capital Management LLC decreased its position in Constellium SE (NYSE:CSTM) by 47.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,394 shares of the industrial products company’s stock after selling 250,096 shares during the period. Constellium accounts for 0.3% of Ionic Capital Management LLC’s portfolio, making the stock its 18th largest position. Ionic Capital Management LLC’s holdings in Constellium were worth $2,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in Constellium by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock valued at $9,730,000 after buying an additional 124,140 shares during the period. State of Alaska Department of Revenue bought a new stake in Constellium in the fourth quarter valued at approximately $1,386,000. Barclays PLC raised its holdings in Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock worth $5,473,000 after purchasing an additional 278,149 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Constellium in the 4th quarter valued at $775,000. Finally, SG Americas Securities LLC increased its position in shares of Constellium by 41.7% in the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company’s stock valued at $611,000 after buying an additional 17,515 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Trading Up 0.6 %

NYSE CSTM opened at $11.26 on Friday. The stock’s 50 day moving average price is $10.11 and its two-hundred day moving average price is $10.60. 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 stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 35.19 and a beta of 1.65. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. As a group, analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised 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 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.