Kailix Advisors LLC Has $21.42 Million Holdings in Constellium SE (NYSE:CSTM)

Kailix Advisors LLC boosted its position in shares of Constellium SE (NYSE:CSTM) by 25.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,085,187 shares of the industrial products company’s stock after buying an additional 424,779 shares during the period. Constellium accounts for 18.0% of Kailix Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Kailix Advisors LLC’s holdings in Constellium were worth $21,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Constellium by 15.6% during the third quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock valued at $13,387,000 after purchasing an additional 111,390 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in Constellium in the 3rd quarter worth about $1,372,000. Principal Financial Group Inc. lifted its stake in Constellium by 35.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after acquiring an additional 364,423 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Constellium in the 4th quarter worth about $1,386,000. Finally, Barclays PLC lifted its stake in Constellium by 476.1% in the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock worth $5,473,000 after acquiring an additional 278,149 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Constellium Stock Up 1.7 %

Shares of CSTM stock opened at $12.05 on Thursday. Constellium SE has a 12 month low of $9.04 and a 12 month high of $23.20. The firm has a market cap of $1.73 billion, a PE ratio of 37.64 and a beta of 1.64. The stock has a 50 day moving average of $10.37 and a 200-day moving average of $12.37. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

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