Cresset Asset Management LLC Buys 42,071 Shares of Constellium SE (NYSE:CSTM)

Cresset Asset Management LLC raised its stake in shares of Constellium SE (NYSE:CSTM) by 203.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,800 shares of the industrial products company’s stock after acquiring an additional 42,071 shares during the period. Cresset Asset Management LLC’s holdings in Constellium were worth $645,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Handelsbanken Fonder AB lifted its stake in Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 1,500 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 1,645 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Constellium by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 1,989 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Constellium during the 4th quarter worth $31,000. Finally, Algert Global LLC raised its stake in shares of Constellium by 15.3% during the 4th quarter. Algert Global LLC now owns 32,040 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 4,250 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Constellium Trading Up 2.5%

NYSE CSTM opened at $12.32 on Wednesday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 38.50 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 company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The business’s fifty day moving average is $10.15 and its 200-day moving average is $10.61.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts predict 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.