Constellium SE (NYSE:CSTM) Sees Large Decrease in Short Interest

Constellium SE (NYSE:CSTM) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,530,000 shares, a drop of 22.7% from the February 13th total of 1,980,000 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is currently 1.1 days. Approximately 1.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Constellium Stock Up 1.2 %

NYSE CSTM traded up $0.14 during mid-day trading on Wednesday, reaching $12.02. The stock had a trading volume of 103,793 shares, compared to its average volume of 1,244,434. 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 has a 1 year low of $9.04 and a 1 year high of $23.20. The stock has a market cap of $1.72 billion, a PE ratio of 37.49 and a beta of 1.64. The company has a fifty day moving average price of $10.53 and a 200 day moving average price of $12.20.

Constellium (NYSE:CSTM) last posted its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. On average, research analysts expect that Constellium will post 1.1 earnings per share for the current year.

Institutional Investors Weigh In On Constellium

A number of large investors have recently added to or reduced their stakes in CSTM. Mountaineer Partners Management LLC grew its position in Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after purchasing an additional 8,428,150 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Constellium by 26.7% during 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 acquiring an additional 4,181,823 shares during the period. Nut Tree Capital Management LP grew its position in shares of Constellium by 52.8% during the 4th quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company’s stock valued at $56,485,000 after acquiring an additional 1,900,000 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Constellium by 112.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company’s stock valued at $24,915,000 after acquiring an additional 1,282,587 shares during the period. Finally, Thrivent Financial for Lutherans grew 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 valued at $15,636,000 after acquiring an additional 1,078,196 shares during the period. Institutional investors own 92.59% of the company’s stock.

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.