Constellium SE (NYSE:CSTM) Short Interest Update

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Constellium Price Performance

CSTM traded down $0.41 during trading on Tuesday, reaching $11.87. The stock had a trading volume of 1,639,223 shares, compared to its average volume of 1,249,624. Constellium has a 1-year low of $9.04 and a 1-year high of $23.20. 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 stock has a 50 day moving average of $10.53 and a two-hundred day moving average of $12.20. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 37.08 and a beta of 1.64.

Constellium (NYSE:CSTM) last released 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 business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. As a group, equities analysts anticipate that Constellium will post 1.1 EPS for the current fiscal year.

Institutional Trading of Constellium

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mountaineer Partners Management LLC grew its position in 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 worth $145,184,000 after purchasing an additional 8,428,150 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Constellium by 26.7% in the 4th 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 in the last quarter. Nut Tree Capital Management LP increased its stake in shares of Constellium by 52.8% during 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 last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Constellium by 112.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,426,033 shares of the industrial products company’s stock valued at $24,915,000 after acquiring an additional 1,282,587 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Constellium by 242.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock worth $15,636,000 after acquiring an additional 1,078,196 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.