Short Interest in Constellium SE (NYSE:CSTM) Declines By 15.4%

Constellium SE (NYSE:CSTM) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,980,000 shares, a decline of 15.4% from the January 31st total of 2,340,000 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 1,260,000 shares, the short-interest ratio is presently 1.6 days.

Constellium Stock Up 4.5 %

Shares of NYSE CSTM opened at $10.63 on Wednesday. The company’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $12.57. The firm has a market cap of $1.56 billion, a PE ratio of 33.00 and a beta of 1.68. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium has a 12-month low of $9.04 and a 12-month high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. As a group, sell-side analysts forecast that Constellium will post 1.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Constellium

Several institutional investors have recently added to or reduced their stakes in CSTM. Mountaineer Partners Management LLC boosted its position in shares of Constellium by 1,683.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after acquiring an additional 8,428,150 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Constellium by 26.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock worth $203,642,000 after buying an additional 4,181,823 shares in the last quarter. Nut Tree Capital Management LP raised its holdings in Constellium by 52.8% in the fourth quarter. Nut Tree Capital Management LP now owns 5,500,000 shares of the industrial products company’s stock worth $56,485,000 after purchasing an additional 1,900,000 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Constellium by 112.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company’s stock valued at $24,915,000 after buying an additional 1,282,587 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Constellium by 242.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock worth $15,636,000 after buying an additional 1,078,196 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.25.

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.