Man Group plc Boosts Stock Holdings in Constellium SE (NYSE:CSTM)

Man Group plc grew its position in shares of Constellium SE (NYSE:CSTM) by 11.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 615,470 shares of the industrial products company’s stock after purchasing an additional 63,015 shares during the period. Man Group plc’s holdings in Constellium were worth $6,321,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Numerai GP LLC purchased a new stake in Constellium in the fourth quarter worth approximately $427,000. Mountaineer Partners Management LLC grew its position in Constellium by 61.6% in the 4th quarter. Mountaineer Partners Management LLC now owns 887,239 shares of the industrial products company’s stock worth $9,112,000 after purchasing an additional 338,105 shares during the period. Millennium Management LLC grew its position in Constellium by 33.5% in the 4th quarter. Millennium Management LLC now owns 2,481,878 shares of the industrial products company’s stock worth $25,489,000 after purchasing an additional 622,367 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Constellium by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,628 shares of the industrial products company’s stock worth $756,000 after purchasing an additional 2,745 shares during the period. Finally, Moore Capital Management LP bought a new stake in Constellium in the 4th quarter worth approximately $3,686,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, February 25th.

Constellium Trading Up 1.8%

NYSE:CSTM opened at $12.38 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a 12 month low of $7.33 and a 12 month high of $22.00. The company has a market cap of $1.77 billion, a PE ratio of 38.69 and a beta of 1.65. The company has a 50 day simple moving average of $10.19 and a two-hundred day simple moving average of $10.64.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. Research analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Constellium 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.