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

Constellium SE (NYSE:CSTM) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,850,000 shares, an increase of 6.3% from the March 15th total of 1,740,000 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 695,900 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analyst Weigh In

CSTM has been the subject of several recent research reports. UBS Group initiated coverage on Constellium in a research report on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Constellium from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $25.60.

Constellium Price Performance

Constellium stock opened at $20.73 on Thursday. Constellium has a 52 week low of $13.40 and a 52 week high of $23.20. The business has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $18.78. The company has a quick ratio of 0.52, a current ratio of 1.31 and a debt-to-equity ratio of 2.10. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 22.29 and a beta of 1.71.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.23). Constellium had a return on equity of 16.86% and a net margin of 1.73%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. On average, research analysts forecast that Constellium will post 1.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

Hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Constellium by 35.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Constellium by 26.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 757 shares in the last quarter. UBS Group AG lifted its stake in shares of Constellium by 138.2% in the 2nd quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 2,622 shares during the last quarter. West Tower Group LLC lifted its stake in shares of Constellium by 592.9% in the 4th quarter. West Tower Group LLC now owns 4,656 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 3,984 shares during the last quarter. Finally, Covestor Ltd bought a new stake in shares of Constellium in the 1st quarter valued at about $110,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.