Constellium SE $CSTM Stake Lessened by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC lessened its stake in shares of Constellium SE (NYSE:CSTM) by 23.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 764,205 shares of the industrial products company’s stock after selling 235,004 shares during the quarter. Cooper Creek Partners Management LLC’s holdings in Constellium were worth $18,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management boosted its stake in Constellium by 33.2% during the 4th quarter. LSV Asset Management now owns 248,800 shares of the industrial products company’s stock valued at $4,690,000 after purchasing an additional 62,000 shares in the last quarter. Danske Bank A S bought a new stake in shares of Constellium in the 4th quarter worth $8,239,000. Penn Capital Management Company LLC acquired a new stake in shares of Constellium in the fourth quarter valued at $6,900,000. SG Americas Securities LLC lifted its holdings in shares of Constellium by 53.6% in the first quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock valued at $36,808,000 after buying an additional 522,725 shares during the period. Finally, BW Gestao de Investimentos Ltda. bought a new position in Constellium during the fourth quarter valued at about $10,297,000. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Down 3.3%

Shares of Constellium stock opened at $29.02 on Friday. Constellium SE has a 12-month low of $13.04 and a 12-month high of $36.99. The firm has a market capitalization of $3.95 billion, a PE ratio of 9.39 and a beta of 1.55. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71. The stock’s fifty day moving average is $32.11 and its 200-day moving average is $28.23.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.Constellium’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. Equities analysts anticipate that Constellium SE will post 3.41 earnings per share for the current year.

Insider Activity at Constellium

In other Constellium news, SVP Marcus Becker sold 10,391 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $34.93, for a total transaction of $362,957.63. Following the completion of the sale, the senior vice president directly owned 16,784 shares of the company’s stock, valued at approximately $586,265.12. This represents a 38.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Ormerod sold 8,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $35.01, for a total transaction of $280,080.00. Following the completion of the transaction, the director owned 24,873 shares of the company’s stock, valued at approximately $870,803.73. The trade was a 24.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 195,153 shares of company stock valued at $6,369,312. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSTM shares. Weiss Ratings lowered Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $40.00 price target on shares of Constellium in a report on Thursday, April 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Zacks Research cut shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Constellium presently has an average rating of “Moderate Buy” and an average price target of $35.60.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.