Constellium SE (NYSE:CSTM) Short Interest Up 24.2% in March

Constellium SE (NYSE:CSTM) saw a significant 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. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.5% of the shares of the stock are short sold.

Constellium Stock Performance

Constellium stock traded up $0.04 during midday trading on Tuesday, reaching $10.13. 936,347 shares of the company traded hands, compared to its average volume of 1,290,342. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium has a 12 month low of $9.04 and a 12 month high of $23.20. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 31.67 and a beta of 1.64. The business has a 50 day moving average of $10.61 and a two-hundred day moving average of $11.83.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. As a group, research analysts predict that Constellium will post 1.1 earnings per share for the current year.

Institutional Investors Weigh In On Constellium

Several institutional investors and hedge funds have recently modified their holdings of CSTM. Quantinno Capital Management LP boosted its holdings in shares of Constellium by 9.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock worth $226,000 after purchasing an additional 1,162 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Constellium by 1.0% in the fourth quarter. Squarepoint Ops LLC now owns 114,587 shares of the industrial products company’s stock worth $1,177,000 after buying an additional 1,164 shares during the period. Handelsbanken Fonder AB increased its stake in Constellium by 9.7% in the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,500 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Constellium by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,645 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Constellium by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company’s stock valued at $787,000 after buying an additional 1,989 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

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 objective on the stock 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. Based on data from MarketBeat, Constellium presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

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.