SummerHaven Investment Management LLC Purchases 1,448 Shares of Constellium SE (NYSE:CSTM)

SummerHaven Investment Management LLC increased its position in shares of Constellium SE (NYSE:CSTM) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,132 shares of the industrial products company’s stock after acquiring an additional 1,448 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Constellium were worth $425,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its stake in Constellium by 26.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock valued at $203,642,000 after buying an additional 4,181,823 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Constellium by 4.8% during the fourth quarter. Janus Henderson Group PLC now owns 6,445,290 shares of the industrial products company’s stock valued at $66,193,000 after acquiring an additional 292,335 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Constellium by 6.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 5,810,189 shares of the industrial products company’s stock valued at $59,671,000 after purchasing an additional 334,639 shares during the last quarter. Nut Tree Capital Management LP boosted its stake in Constellium by 52.8% in 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 in the last quarter. Finally, Millennium Management LLC grew its position in Constellium by 33.5% during the 4th quarter. Millennium Management LLC now owns 2,481,878 shares of the industrial products company’s stock worth $25,489,000 after purchasing an additional 622,367 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 1.5%

Constellium stock opened at $13.95 on Friday. The stock has a 50-day moving average price of $10.83 and a 200 day moving average price of $10.75. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 43.60 and a beta of 1.69. Constellium SE has a 52 week low of $7.33 and a 52 week high of $20.67. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

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

Wall Street Analysts Forecast Growth

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 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.