GAMMA Investing LLC Raises Holdings in Constellium SE (NYSE:CSTM)

GAMMA Investing LLC raised its holdings in shares of Constellium SE (NYSE:CSTM) by 25,988.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 27,132 shares of the industrial products company’s stock after acquiring an additional 27,028 shares during the quarter. GAMMA Investing LLC’s holdings in Constellium were worth $2,689,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CSTM. State of Alaska Department of Revenue bought a new stake in Constellium during the fourth quarter valued at about $1,386,000. Allspring Global Investments Holdings LLC increased its stake in Constellium by 16.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,311 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 4,937 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Constellium during the fourth quarter valued at approximately $258,000. Handelsbanken Fonder AB grew its stake in shares of Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,500 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Constellium by 15.1% during the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock valued at $9,730,000 after buying an additional 124,140 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Trading Up 1.5%

CSTM opened at $13.95 on Friday. Constellium SE has a one year low of $7.33 and a one year high of $20.67. The stock has a market capitalization of $1.99 billion, a PE ratio of 43.60 and a beta of 1.69. The business’s 50 day moving average price is $10.83 and its 200 day moving average price is $10.75. 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 (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that Constellium SE will post 1.1 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded 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.

About Constellium

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.