Constellium SE (NYSE:CSTM) Short Interest Update

Constellium SE (NYSE:CSTM) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,530,000 shares, a decrease 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 presently 1.1 days. Currently, 1.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Constellium

Institutional investors have recently modified their holdings of the stock. 111 Capital acquired a new position in shares of Constellium in the 4th quarter valued at $113,000. Jefferies Financial Group Inc. acquired a new stake in Constellium in the 4th quarter valued at $2,384,000. Public Employees Retirement System of Ohio increased its position in shares of Constellium by 11.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 246,279 shares of the industrial products company’s stock valued at $2,529,000 after acquiring an additional 25,580 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Constellium in the fourth quarter valued at $168,000. Finally, Voloridge Investment Management LLC grew its position in shares of Constellium by 80.8% in the 4th quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company’s stock valued at $15,711,000 after acquiring an additional 683,876 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Price Performance

Shares of CSTM traded down $0.41 during mid-day trading on Tuesday, hitting $11.87. 1,639,223 shares of the company traded hands, compared to its average volume of 1,249,624. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 37.08 and a beta of 1.64. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The business has a 50-day moving average of $10.53 and a 200 day moving average of $12.20. Constellium has a one year low of $9.04 and a one year high of $23.20.

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

Wall Street Analysts Forecast Growth

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

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.