Ionic Capital Management LLC Has $2.89 Million Position in Constellium SE (NYSE:CSTM)

Ionic Capital Management LLC lessened its holdings in Constellium SE (NYSE:CSTM) by 47.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 281,394 shares of the industrial products company’s stock after selling 250,096 shares during the quarter. Constellium accounts for approximately 0.3% of Ionic Capital Management LLC’s holdings, making the stock its 18th biggest holding. Ionic Capital Management LLC owned approximately 0.19% of Constellium worth $2,890,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CSTM. T. Rowe Price Investment Management Inc. raised its position 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 worth $203,642,000 after purchasing an additional 4,181,823 shares in the last quarter. Nut Tree Capital Management LP raised its holdings in shares of 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 buying an additional 1,900,000 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Constellium by 112.2% in 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 buying an additional 1,282,587 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of 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 worth $15,636,000 after buying an additional 1,078,196 shares during the period. Finally, Bridgeway Capital Management LLC acquired a new stake in Constellium in the 4th quarter valued at $8,615,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, February 25th.

Constellium Stock Up 0.6 %

Shares of CSTM opened at $11.26 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of 35.19 and a beta of 1.65. Constellium SE has a one year low of $7.33 and a one year high of $22.00. The business’s 50 day simple moving average is $10.11 and its 200-day simple moving average is $10.60. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 EPS 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 company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

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.