Walleye Capital LLC Makes New $496,000 Investment in Constellium SE $CSTM

Walleye Capital LLC purchased a new position in shares of Constellium SE (NYSE:CSTM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,195 shares of the industrial products company’s stock, valued at approximately $496,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSTM. Globeflex Capital L P purchased a new position in Constellium during the 1st quarter worth $635,000. State of Wyoming raised its stake in Constellium by 5.1% in the first quarter. State of Wyoming now owns 35,655 shares of the industrial products company’s stock valued at $876,000 after buying an additional 1,728 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Constellium in the first quarter valued at about $2,644,000. First Trust Advisors LP acquired a new stake in Constellium in the first quarter worth about $317,000. Finally, Summit Global Investments boosted its holdings in Constellium by 1.7% in the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after acquiring an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CSTM shares. BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Zacks Research downgraded shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wells Fargo & Company cut their price target on shares of Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $40.00 price target on shares of Constellium in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Constellium has an average rating of “Moderate Buy” and an average target price of $35.60.

Insider Activity at Constellium

In other Constellium news, SVP Ludovic Piquier sold 1,000 shares of Constellium stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $33.57, for a total value of $33,570.00. Following the completion of the transaction, the senior vice president owned 241,713 shares of the company’s stock, valued at approximately $8,114,305.41. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marcus Becker sold 10,391 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $34.93, for a total transaction of $362,957.63. Following the completion of the transaction, the senior vice president owned 16,784 shares of the company’s stock, valued at approximately $586,265.12. This trade represents a 38.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 195,153 shares of company stock valued at $6,369,312 in the last quarter. 1.20% of the stock is currently owned by insiders.

Constellium Trading Down 3.3%

Constellium stock opened at $29.02 on Friday. The firm has a market cap of $3.95 billion, a PE ratio of 9.39 and a beta of 1.55. Constellium SE has a 12 month low of $13.04 and a 12 month high of $36.99. The stock’s 50 day simple moving average is $32.11 and its two-hundred day simple moving average is $28.23. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 24.4% on a year-over-year basis. Analysts anticipate that Constellium SE will post 3.41 earnings per share for the current year.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.