Constellium SE $CSTM Shares Bought by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC grew its holdings in Constellium SE (NYSE:CSTM) by 59.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,362,760 shares of the industrial products company’s stock after purchasing an additional 2,005,216 shares during the quarter. Constellium comprises approximately 2.6% of Encompass Capital Advisors LLC’s portfolio, making the stock its 10th largest holding. Encompass Capital Advisors LLC owned approximately 3.84% of Constellium worth $71,325,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CSTM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Constellium by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock valued at $1,038,000 after purchasing an additional 1,006 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Constellium by 3.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company’s stock valued at $582,000 after buying an additional 1,659 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Constellium by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 1,848 shares during the last quarter. Beacon Investment Advisors LLC raised its holdings in shares of Constellium by 0.7% during the 2nd quarter. Beacon Investment Advisors LLC now owns 339,271 shares of the industrial products company’s stock worth $4,533,000 after acquiring an additional 2,362 shares during the period. Finally, Quadrature Capital Ltd raised its holdings in shares of Constellium by 17.9% during the 2nd quarter. Quadrature Capital Ltd now owns 15,964 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 2,422 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Performance

Shares of CSTM stock opened at $18.33 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. The firm has a market cap of $2.53 billion, a P/E ratio of 23.20 and a beta of 1.55. The firm’s 50 day moving average price is $16.16 and its 200-day moving average price is $14.75. Constellium SE has a one year low of $7.32 and a one year high of $18.75.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities research analysts predict that Constellium SE will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

CSTM has been the subject of several recent analyst reports. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research report on Monday. Wells Fargo & Company upped their price objective on Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.00.

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.