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

Constellium SE (NYSE:CSTM) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,850,000 shares, an increase of 6.3% from the March 15th total of 1,740,000 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 695,900 shares, the short-interest ratio is currently 2.7 days.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CSTM. JPMorgan Chase & Co. raised their target price on shares of Constellium from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, UBS Group initiated coverage on Constellium in a report on Tuesday, January 16th. They set a “buy” rating and a $27.00 target price on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $25.60.

Constellium Trading Down 1.0 %

NYSE:CSTM traded down $0.22 during trading hours on Wednesday, reaching $20.76. 422,390 shares of the company were exchanged, compared to its average volume of 694,329. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.31 and a quick ratio of 0.52. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 22.55 and a beta of 1.71. The stock has a 50 day simple moving average of $20.34 and a 200 day simple moving average of $18.77. Constellium has a 52-week low of $13.40 and a 52-week high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.23). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. As a group, analysts predict that Constellium will post 1.95 EPS for the current year.

Institutional Investors Weigh In On Constellium

Several institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new position in shares of Constellium during the 4th quarter valued at $2,024,000. FMR LLC boosted its position in shares of Constellium by 1.7% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $267,212,000 after buying an additional 251,829 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake 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 in the last quarter. Jump Financial LLC increased its position in shares of Constellium by 155.7% during the third quarter. Jump Financial LLC now owns 93,110 shares of the industrial products company’s stock worth $1,695,000 after acquiring an additional 56,701 shares during the last quarter. Finally, Highland Peak Capital LLC increased its position in shares of Constellium by 28.4% during the third quarter. Highland Peak Capital LLC now owns 1,606,024 shares of the industrial products company’s stock worth $29,230,000 after acquiring an additional 355,375 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.