Walleye Capital LLC Invests $496,000 in Constellium SE $CSTM

Walleye Capital LLC acquired a new stake in shares of Constellium SE (NYSE:CSTM) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 20,195 shares of the industrial products company’s stock, valued at approximately $496,000.

Several other hedge funds also recently bought and sold shares of CSTM. Farther Finance Advisors LLC increased its stake in Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares during the period. Allworth Financial LP lifted its position in shares of Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Constellium by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Constellium by 34.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 803 shares during the period. Finally, Quarry LP grew its holdings in shares of Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,960 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Performance

Shares of NYSE:CSTM opened at $29.02 on Friday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.39 and a beta of 1.55. Constellium SE has a 52 week low of $13.04 and a 52 week high of $36.99. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71. The firm has a 50 day moving average of $32.11 and a 200 day moving average of $28.23.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. Constellium’s revenue was up 24.4% on a year-over-year basis. On average, sell-side analysts predict that Constellium SE will post 3.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group reduced their price target on shares of Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company lowered their price objective on shares of Constellium from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $40.00 target price on shares of Constellium in a research note on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Finally, BMO Capital Markets set a $32.00 price target on shares of Constellium and gave the company an “outperform” rating in a research note on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.60.

Insider Activity

In related news, Director Bradley Lee Soultz acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $33.84 per share, with a total value of $84,600.00. Following the completion of the transaction, the director directly owned 2,500 shares in the company, valued at $84,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marcus Becker sold 10,391 shares of Constellium stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $34.93, for a total value of $362,957.63. Following the completion of the transaction, the senior vice president owned 16,784 shares in the company, valued at $586,265.12. This trade represents a 38.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 195,153 shares of company stock worth $6,369,312 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Constellium Company 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.