Constellium SE (NYSE:CSTM) Sees Large Growth in Short Interest

Constellium SE (NYSE:CSTM) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,160,000 shares, an increase of 16.8% from the March 31st total of 1,850,000 shares. Based on an average daily volume of 760,900 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.7% of the company’s stock are sold short.

Institutional Investors Weigh In On Constellium

Several institutional investors have recently modified their holdings of CSTM. DekaBank Deutsche Girozentrale acquired a new position in Constellium during the fourth quarter valued at approximately $2,024,000. FMR LLC grew its holdings in Constellium by 1.7% during the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $267,212,000 after purchasing an additional 251,829 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Constellium by 84.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock valued at $51,860,000 after buying an additional 1,192,105 shares during the period. Jump Financial LLC boosted its holdings in shares of Constellium by 155.7% in the third quarter. Jump Financial LLC now owns 93,110 shares of the industrial products company’s stock valued at $1,695,000 after buying an additional 56,701 shares during the period. Finally, Highland Peak Capital LLC boosted its holdings in shares of Constellium by 28.4% in the third quarter. Highland Peak Capital LLC now owns 1,606,024 shares of the industrial products company’s stock valued at $29,230,000 after buying an additional 355,375 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CSTM shares. JPMorgan Chase & Co. decreased their price objective on shares of Constellium from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. UBS Group started coverage on shares of Constellium in a report on Tuesday, January 16th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and issued a $24.00 price target on shares of Constellium in a report on Friday, April 19th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $25.40.

Constellium Trading Down 4.9 %

Shares of CSTM stock opened at $19.69 on Wednesday. Constellium has a 52-week low of $13.77 and a 52-week high of $23.20. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 21.88 and a beta of 1.71. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.58 and a current ratio of 1.31. The firm has a fifty day moving average of $20.66 and a 200-day moving average of $18.99.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). Constellium had a net margin of 1.73% and a return on equity of 15.68%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.71 billion. On average, equities research analysts forecast that Constellium will post 1.79 earnings per share for the current fiscal year.

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.