Whitebox Advisors LLC Has $7.27 Million Stock Holdings in Constellium SE (NYSE:CSTM)

Whitebox Advisors LLC raised its stake in Constellium SE (NYSE:CSTM) by 40.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 447,284 shares of the industrial products company’s stock after purchasing an additional 127,923 shares during the period. Whitebox Advisors LLC owned 0.31% of Constellium worth $7,273,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CSTM. CWM LLC grew its stake in Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after buying an additional 676 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,753 shares during the period. Point72 DIFC Ltd acquired a new stake in Constellium during the 2nd quarter worth approximately $85,000. Quarry LP boosted its stake in Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the period. Finally, Signaturefd LLC grew its holdings in Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after buying an additional 933 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Price Performance

Constellium stock opened at $11.90 on Friday. 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 SE has a 52 week low of $10.49 and a 52 week high of $23.20. The stock has a market capitalization of $1.72 billion, a P/E ratio of 16.08 and a beta of 1.65. The stock has a fifty day moving average of $12.97 and a 200-day moving average of $16.36.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the firm posted $0.47 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Constellium SE will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CSTM shares. JPMorgan Chase & Co. decreased their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and lowered their target price for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. BMO Capital Markets lowered their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

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.