Constellium SE (NYSE:CSTM) Shares Bought by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC increased its position in Constellium SE (NYSE:CSTM) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,838,324 shares of the industrial products company’s stock after buying an additional 182,644 shares during the quarter. Encompass Capital Advisors LLC owned about 1.25% of Constellium worth $18,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSTM. T. Rowe Price Investment Management Inc. boosted its position in Constellium by 26.7% in the 4th 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. Nut Tree Capital Management LP grew its position in shares of Constellium by 52.8% during the fourth quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company’s stock worth $56,485,000 after buying an additional 1,900,000 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Constellium by 112.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company’s stock worth $24,915,000 after buying an additional 1,282,587 shares during the last quarter. Kailix Advisors LLC raised its holdings in Constellium by 25.6% in the fourth quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company’s stock valued at $21,415,000 after acquiring an additional 424,779 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Constellium by 242.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock valued at $15,636,000 after acquiring an additional 1,078,196 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

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 target price for the company in a research report on Tuesday, February 25th.

Constellium Price Performance

Shares of NYSE:CSTM opened at $11.19 on Friday. The company has a market cap of $1.60 billion, a PE ratio of 34.95 and a beta of 1.65. Constellium SE has a fifty-two week low of $7.33 and a fifty-two week high of $22.00. The firm has a 50-day simple moving average of $10.09 and a 200 day simple moving average of $10.62. 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 results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that Constellium SE will post 1.1 EPS for the current year.

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.