Northern Trust Corp Sells 5,589 Shares of Constellium SE $CSTM

Northern Trust Corp reduced its stake in Constellium SE (NYSE:CSTM) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 907,639 shares of the industrial products company’s stock after selling 5,589 shares during the period. Northern Trust Corp owned approximately 0.64% of Constellium worth $9,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new stake in Constellium during the first quarter worth $19,630,000. D. E. Shaw & Co. Inc. lifted its stake in Constellium by 112.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company’s stock worth $24,915,000 after purchasing an additional 1,282,587 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Constellium by 12.2% during the first quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company’s stock worth $65,773,000 after purchasing an additional 708,412 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Constellium by 80.8% during the fourth quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company’s stock worth $15,711,000 after purchasing an additional 683,876 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Constellium by 33.5% during the fourth quarter. Millennium Management LLC now owns 2,481,878 shares of the industrial products company’s stock worth $25,489,000 after buying an additional 622,367 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Up 4.3%

Shares of NYSE:CSTM opened at $14.55 on Friday. The company has a fifty day moving average of $14.05 and a 200-day moving average of $12.14. The company has a market capitalization of $2.03 billion, a PE ratio of 76.56 and a beta of 1.70. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 1.23. Constellium SE has a 52-week low of $7.32 and a 52-week high of $17.27.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.43%. On average, equities analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Constellium 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.