Brightline Capital Management LLC Buys 34,000 Shares of Constellium SE $CSTM

Brightline Capital Management LLC lifted its stake in shares of Constellium SE (NYSE:CSTM) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 745,000 shares of the industrial products company’s stock after purchasing an additional 34,000 shares during the period. Constellium makes up about 6.5% of Brightline Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Brightline Capital Management LLC owned approximately 0.52% of Constellium worth $7,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Constellium by 51.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 51,966 shares of the industrial products company’s stock valued at $526,000 after buying an additional 17,655 shares during the period. GAMMA Investing LLC lifted its holdings in Constellium by 2,485.6% in the first quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company’s stock valued at $27,000 after buying an additional 2,585 shares during the period. Ameriprise Financial Inc. lifted its holdings in Constellium by 40.0% in the fourth quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company’s stock valued at $1,260,000 after buying an additional 35,080 shares during the period. Deutsche Bank AG lifted its holdings in Constellium by 33.9% in the fourth quarter. Deutsche Bank AG now owns 125,389 shares of the industrial products company’s stock valued at $1,288,000 after buying an additional 31,713 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Constellium by 519.2% in the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company’s stock valued at $50,000 after buying an additional 4,143 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Trading Up 3.5%

Shares of NYSE CSTM opened at $14.7450 on Friday. The company’s 50 day simple moving average is $13.82 and its 200 day simple moving average is $11.81. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $17.27. The firm has a market capitalization of $2.06 billion, a P/E ratio of 77.61 and a beta of 1.69. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.23 and a quick ratio of 0.53.

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