Rhumbline Advisers Buys 15,581 Shares of Constellium SE $CSTM

Rhumbline Advisers increased its stake in shares of Constellium SE (NYSE:CSTM) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 186,659 shares of the industrial products company’s stock after acquiring an additional 15,581 shares during the quarter. Rhumbline Advisers owned about 0.13% of Constellium worth $1,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westwood Holdings Group Inc. raised 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 valued at $65,773,000 after purchasing an additional 708,412 shares in the last quarter. Millennium Management LLC raised its stake in Constellium by 65.8% during the first quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company’s stock valued at $41,525,000 after purchasing an additional 1,633,561 shares in the last quarter. Encompass Capital Advisors LLC raised its stake in Constellium by 82.6% during the first quarter. Encompass Capital Advisors LLC now owns 3,357,544 shares of the industrial products company’s stock valued at $33,878,000 after purchasing an additional 1,519,220 shares in the last quarter. Nuveen LLC purchased a new stake in Constellium during the first quarter valued at $19,630,000. Finally, Voloridge Investment Management LLC raised 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 valued at $15,711,000 after purchasing an additional 683,876 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

Constellium stock opened at $15.22 on Thursday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 80.08 and a beta of 1.70. The firm’s fifty day moving average is $14.14 and its 200 day moving average is $12.36. The company has a quick ratio of 0.53, a current ratio of 1.23 and a debt-to-equity ratio of 2.47. Constellium SE has a 52-week low of $7.32 and a 52-week high of $17.27.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Constellium had a net margin of 0.37% and a return on equity of 3.43%. Sell-side analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal year.

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.