Short Interest in Constellium SE (NYSE:CSTM) Grows By 24.2%

Constellium SE (NYSE:CSTM) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,900,000 shares, an increase of 24.2% from the February 28th total of 1,530,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 1,410,000 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of 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 purchasing an additional 8,428,150 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Constellium by 26.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock valued at $203,642,000 after buying an additional 4,181,823 shares during the period. Nut Tree Capital Management LP raised its holdings in shares of Constellium by 52.8% in the 4th 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 during the period. D. E. Shaw & Co. Inc. grew its stake 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 worth $24,915,000 after acquiring an additional 1,282,587 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Constellium by 242.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock worth $15,636,000 after purchasing an additional 1,078,196 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Constellium presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

Constellium Stock Up 0.4 %

Shares of Constellium stock traded up $0.04 during trading hours on Tuesday, reaching $10.13. 936,347 shares of the company’s stock were exchanged, compared to its average volume of 1,290,342. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The company has a 50 day moving average of $10.61 and a two-hundred day moving average of $11.83. The stock has a market cap of $1.45 billion, a P/E ratio of 31.67 and a beta of 1.64. Constellium has a fifty-two week low of $9.04 and a fifty-two week high of $23.20.

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

About Constellium

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.