Short Interest in Constellium SE (NYSE:CSTM) Decreases By 5.4%

Constellium SE (NYSE:CSTM) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 2,470,000 shares, a decrease of 5.4% from the September 30th total of 2,610,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.9% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSTM. Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets decreased their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Constellium Price Performance

Shares of CSTM opened at $11.33 on Friday. Constellium has a fifty-two week low of $10.49 and a fifty-two week high of $23.20. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.30 and a beta of 1.59. The firm has a 50-day simple moving average of $15.14 and a 200-day simple moving average of $17.77. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. On average, equities research analysts anticipate that Constellium will post 0.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CSTM. CWM LLC raised its holdings in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares in the last quarter. Blue Trust Inc. raised its holdings in Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,753 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Constellium during the second quarter worth about $85,000. Quarry LP raised its holdings in Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 3,735 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 933 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.