Constellium SE $CSTM Shares Purchased by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC increased its holdings in shares of Constellium SE (NYSE:CSTM) by 59.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,362,760 shares of the industrial products company’s stock after buying an additional 2,005,216 shares during the period. Constellium comprises 2.6% of Encompass Capital Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Encompass Capital Advisors LLC’s holdings in Constellium were worth $71,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSTM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Constellium by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock worth $1,038,000 after acquiring an additional 1,006 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Constellium by 3.9% in the second quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company’s stock valued at $582,000 after purchasing an additional 1,659 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Constellium by 14.6% in the second quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,848 shares during the period. Beacon Investment Advisors LLC grew its stake in Constellium by 0.7% during the 2nd quarter. Beacon Investment Advisors LLC now owns 339,271 shares of the industrial products company’s stock worth $4,533,000 after purchasing an additional 2,362 shares in the last quarter. Finally, Quadrature Capital Ltd increased its holdings in Constellium by 17.9% during the 2nd quarter. Quadrature Capital Ltd now owns 15,964 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 2,422 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CSTM has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research report on Monday. Finally, Wells Fargo & Company increased their target price on Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Constellium has a consensus rating of “Hold” and an average price target of $18.00.

Constellium Trading Down 1.1%

Shares of Constellium stock opened at $18.33 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The company has a fifty day simple moving average of $16.16 and a 200-day simple moving average of $14.75. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 23.20 and a beta of 1.55. Constellium SE has a 12-month low of $7.32 and a 12-month high of $18.75.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.37 by $0.25. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. Constellium’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. On average, equities analysts forecast 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.