Constellium (NYSE:CSTM) Shares Gap Up – What’s Next?

Constellium SE (NYSE:CSTM)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $9.07, but opened at $10.12. Constellium shares last traded at $10.56, with a volume of 818,307 shares.

Constellium Stock Up 0.9 %

The company has a 50-day moving average of $10.15 and a two-hundred day moving average of $12.79. 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 company has a market capitalization of $1.53 billion, a PE ratio of 32.67 and a beta of 1.68.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. Sell-side analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning boosted its stake in shares of Constellium by 16.3% in the third quarter. Creative Planning now owns 62,368 shares of the industrial products company’s stock worth $1,014,000 after acquiring an additional 8,755 shares during the period. Blue Trust Inc. boosted its stake in Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,753 shares during the period. Signaturefd LLC boosted its stake in Constellium by 41.5% in the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 2,805 shares during the period. Ballentine Partners LLC purchased a new stake in Constellium during the 3rd quarter valued at approximately $168,000. Finally, Highland Capital Management LLC raised its position in shares of Constellium by 10.1% during the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock valued at $219,000 after buying an additional 1,233 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.