Constellium SE (NYSE:CSTM) Sees Significant Increase in Short Interest

Constellium SE (NYSE:CSTM) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,900,000 shares, a growth of 24.2% from the February 28th total of 1,530,000 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Constellium

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in Constellium in the 4th quarter valued at $31,000. New Age Alpha Advisors LLC acquired a new stake in shares of Constellium in the fourth quarter valued at about $70,000. Quadrant Capital Group LLC lifted its stake in shares of Constellium by 25.8% in the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after buying an additional 1,645 shares in the last quarter. Virtu Financial LLC acquired a new position in Constellium during the fourth quarter worth about $106,000. Finally, Mariner LLC purchased a new stake in Constellium during the 4th quarter valued at about $107,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

Constellium stock traded up $0.20 during trading on Wednesday, reaching $10.33. The company had a trading volume of 970,720 shares, compared to its average volume of 1,289,082. The firm has a market capitalization of $1.48 billion, a PE ratio of 32.28 and a beta of 1.64. The firm’s 50-day simple moving average is $10.61 and its 200 day simple moving average is $11.83. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium has a 1-year low of $9.04 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last released 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 for the quarter, compared to analysts’ expectations of $1.69 billion. As a group, equities research analysts anticipate that Constellium will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.