Constellium SE (NYSE:CSTM) Short Interest Down 22.7% in February

Constellium SE (NYSE:CSTM) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,530,000 shares, a decline of 22.7% from the February 13th total of 1,980,000 shares. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Constellium

Several institutional investors and hedge funds have recently made changes to their positions in CSTM. Jefferies Financial Group Inc. acquired a new position in Constellium during the 4th quarter worth about $2,384,000. Public Employees Retirement System of Ohio lifted its position in Constellium by 11.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 246,279 shares of the industrial products company’s stock worth $2,529,000 after buying an additional 25,580 shares in the last quarter. PharVision Advisers LLC acquired a new position in Constellium during the 4th quarter worth about $168,000. Voloridge Investment Management LLC lifted its position in Constellium by 80.8% during the 4th quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company’s stock worth $15,711,000 after buying an additional 683,876 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in Constellium by 6.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 5,810,189 shares of the industrial products company’s stock worth $59,671,000 after buying an additional 334,639 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Performance

Constellium stock traded up $0.05 on Monday, hitting $12.25. The company’s stock had a trading volume of 420,942 shares, compared to its average volume of 1,243,189. The firm has a market cap of $1.76 billion, a P/E ratio of 38.27 and a beta of 1.64. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The company has a fifty day moving average price of $10.47 and a 200-day moving average price of $12.27. Constellium has a one year low of $9.04 and a one year high of $23.20.

Constellium (NYSE:CSTM) last issued its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. On average, equities analysts anticipate that Constellium will post 1.1 earnings per share for the current year.

Analysts Set New Price Targets

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