Constellium SE $CSTM Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in Constellium SE (NYSE:CSTM) by 146.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,230 shares of the industrial products company’s stock after acquiring an additional 65,532 shares during the quarter. GSA Capital Partners LLP owned about 0.08% of Constellium worth $1,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV acquired a new position in Constellium in the 2nd quarter worth $56,000. EMC Capital Management acquired a new position in shares of Constellium in the 2nd quarter valued at approximately $135,000. Principal Financial Group Inc. purchased a new position in shares of Constellium during the 3rd quarter valued at approximately $154,000. PharVision Advisers LLC acquired a new stake in shares of Constellium during the second quarter worth approximately $147,000. Finally, Magnetar Financial LLC bought a new stake in shares of Constellium in the second quarter worth $168,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Up 0.4%

CSTM opened at $23.39 on Wednesday. The stock’s 50 day moving average price is $21.30 and its 200 day moving average price is $17.40. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The stock has a market cap of $3.22 billion, a P/E ratio of 29.61 and a beta of 1.51. Constellium SE has a 12 month low of $7.32 and a 12 month high of $25.49.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.47. Constellium had a return on equity of 14.33% and a net margin of 1.42%. As a group, research analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CSTM shares. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company upgraded Constellium from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $25.00 in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Constellium currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Constellium Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.