Highland Capital Management LLC Makes New $257,000 Investment in Constellium SE (NYSE:CSTM)

Highland Capital Management LLC acquired a new stake in shares of Constellium SE (NYSE:CSTM) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,439 shares of the industrial products company’s stock, valued at approximately $257,000.

A number of other large investors also recently modified their holdings of CSTM. Squarepoint Ops LLC increased its stake in Constellium by 1.0% in the 4th quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company’s stock worth $1,177,000 after buying an additional 1,164 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Constellium by 3.6% in the first quarter. SummerHaven Investment Management LLC now owns 42,132 shares of the industrial products company’s stock worth $425,000 after acquiring an additional 1,448 shares during the period. Handelsbanken Fonder AB grew its position in shares of Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 1,645 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Constellium by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 1,989 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Trading Down 0.8%

CSTM stock opened at $13.40 on Monday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.24 and a quick ratio of 0.53. Constellium SE has a 1-year low of $7.33 and a 1-year high of $19.65. The business has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $10.82. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 29.12 and a beta of 1.69.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.07 by $0.19. Constellium had a net margin of 0.92% and a return on equity of 7.74%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts anticipate 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.