Constellium SE (NYSE:CSTM) Short Interest Update

Constellium SE (NYSE:CSTM) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,160,000 shares, an increase of 16.8% from the March 31st total of 1,850,000 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 760,900 shares, the short-interest ratio is currently 2.8 days.

Constellium Stock Performance

Shares of CSTM opened at $20.70 on Monday. The firm has a market cap of $2.99 billion, a PE ratio of 23.00 and a beta of 1.71. The stock’s fifty day moving average price is $20.63 and its two-hundred day moving average price is $18.97. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.31 and a quick ratio of 0.52. Constellium has a 1 year low of $13.77 and a 1 year high of $23.20.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.71 billion. Constellium had a net margin of 1.73% and a return on equity of 15.68%. On average, equities research analysts forecast that Constellium will post 1.79 EPS for the current year.

Wall Street Analyst Weigh In

CSTM has been the topic of several analyst reports. UBS Group initiated coverage on Constellium in a research report on Tuesday, January 16th. They set a “buy” rating and a $27.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on Constellium from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday. Benchmark reissued a “buy” rating and issued a $24.00 price objective on shares of Constellium in a research report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $25.40.

Institutional Trading of Constellium

Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in shares of Constellium by 1.7% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $267,212,000 after buying an additional 251,829 shares during the period. Jennison Associates LLC raised its stake in shares of Constellium by 2.5% during the 3rd quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company’s stock valued at $103,350,000 after purchasing an additional 136,338 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Constellium by 19.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock valued at $68,598,000 after purchasing an additional 504,421 shares during the period. Rubric Capital Management LP raised its stake in shares of Constellium by 49.6% during the 4th quarter. Rubric Capital Management LP now owns 2,924,438 shares of the industrial products company’s stock valued at $58,372,000 after purchasing an additional 970,164 shares during the period. Finally, Cannell & Co. raised its stake in shares of Constellium by 29.3% during the 4th quarter. Cannell & Co. now owns 2,561,727 shares of the industrial products company’s stock valued at $51,132,000 after purchasing an additional 580,500 shares during the period. 92.59% of the stock is currently owned by institutional investors.

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.