Constellium SE (NYSE:CSTM) Short Interest Down 14.4% in September

Constellium SE (NYSE:CSTM) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,610,000 shares, a decline of 14.4% from the September 15th total of 3,050,000 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is currently 2.2 days.

Constellium Price Performance

Shares of CSTM traded up $0.21 during mid-day trading on Monday, reaching $14.76. The company had a trading volume of 861,567 shares, compared to its average volume of 971,757. The company’s 50 day simple moving average is $16.02 and its 200 day simple moving average is $18.64. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 16.40 and a beta of 1.59. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company earned $0.35 EPS. Constellium’s revenue was down 7.9% compared to the same quarter last year. Analysts expect that Constellium will post 1.54 EPS for the current year.

Analyst Ratings Changes

CSTM has been the topic of several research reports. BMO Capital Markets decreased their price objective on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Constellium currently has a consensus rating of “Buy” and an average target price of $23.80.

Institutional Investors Weigh In On Constellium

Several hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. raised its position in shares of Constellium by 12,970.1% during the first quarter. Westwood Holdings Group Inc. now owns 2,796,868 shares of the industrial products company’s stock worth $61,839,000 after acquiring an additional 2,775,469 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Constellium by 19.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock worth $68,598,000 after buying an additional 504,421 shares during the period. Kailix Advisors LLC raised its stake in Constellium by 40.0% during the second quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock worth $29,222,000 after buying an additional 413,605 shares during the last quarter. Millennium Management LLC lifted its holdings in Constellium by 29.9% in the second quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company’s stock valued at $22,127,000 after buying an additional 270,475 shares during the period. Finally, Highland Peak Capital LLC boosted its position in Constellium by 14.1% during the second quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock valued at $35,860,000 after acquiring an additional 234,756 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.