Kailix Advisors LLC Purchases 424,779 Shares of Constellium SE (NYSE:CSTM)

Kailix Advisors LLC boosted its position in Constellium SE (NYSE:CSTM) by 25.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,085,187 shares of the industrial products company’s stock after acquiring an additional 424,779 shares during the quarter. Constellium accounts for about 18.0% of Kailix Advisors LLC’s holdings, making the stock its 2nd biggest holding. Kailix Advisors LLC owned 1.42% of Constellium worth $21,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Constellium by 35.3% during the third 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 during the last quarter. Entropy Technologies LP grew its position in shares of Constellium by 43.3% during the third quarter. Entropy Technologies LP now owns 40,927 shares of the industrial products company’s stock worth $665,000 after acquiring an additional 12,369 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Constellium during the third quarter worth approximately $684,000. Victory Capital Management Inc. grew its position in Constellium by 15.6% in the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock valued at $13,387,000 after buying an additional 111,390 shares during the last quarter. Finally, MQS Management LLC purchased a new position in Constellium in the 3rd quarter valued at $253,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Constellium Stock Performance

CSTM stock opened at $12.05 on Thursday. 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 firm has a market cap of $1.73 billion, a P/E ratio of 37.64 and a beta of 1.64. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.20. The stock’s 50 day simple moving average is $10.37 and its 200 day simple moving average is $12.37.

Constellium (NYSE:CSTM) last issued its quarterly earnings data 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). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. As a group, equities research analysts predict that Constellium SE will post 1.1 EPS for the current year.

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.