Jefferies Financial Group Inc. Invests $2.38 Million in Constellium SE (NYSE:CSTM)

Jefferies Financial Group Inc. acquired a new position in shares of Constellium SE (NYSE:CSTM) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 232,166 shares of the industrial products company’s stock, valued at approximately $2,384,000. Jefferies Financial Group Inc. owned about 0.16% of Constellium at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its position in shares of Constellium by 26.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock worth $203,642,000 after purchasing an additional 4,181,823 shares during the last quarter. Nut Tree Capital Management LP lifted its position in shares of Constellium by 52.8% during the 4th quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company’s stock worth $56,485,000 after purchasing an additional 1,900,000 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Constellium by 112.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company’s stock worth $24,915,000 after purchasing an additional 1,282,587 shares during the last quarter. Kailix Advisors LLC lifted its position in shares of Constellium by 25.6% during the 4th quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company’s stock worth $21,415,000 after purchasing an additional 424,779 shares during the last quarter. Finally, Encompass Capital Advisors LLC lifted its position in Constellium by 11.0% in the fourth quarter. Encompass Capital Advisors LLC now owns 1,838,324 shares of the industrial products company’s stock valued at $18,880,000 after acquiring an additional 182,644 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

Shares of CSTM opened at $12.32 on Wednesday. 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 $1.76 billion, a PE ratio of 38.50 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The firm has a fifty day moving average price of $10.15 and a 200 day moving average price of $10.61.

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

Analysts Set New Price Targets

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

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.