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

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

Constellium Stock Performance

NYSE:CSTM opened at $20.73 on Thursday. The stock has a fifty day moving average price of $20.38 and a 200-day moving average price of $18.78. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 22.29 and a beta of 1.71. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31. Constellium has a fifty-two week low of $13.40 and a fifty-two week high of $23.20.

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

Analysts Set New Price Targets

CSTM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. boosted their price target on Constellium from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, UBS Group initiated coverage on Constellium in a research note on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Constellium presently has an average rating of “Buy” and an average target price of $25.60.

Hedge Funds Weigh In On Constellium

A number of institutional investors have recently modified their holdings of CSTM. Nomura Asset Management Co. Ltd. raised its holdings in shares of Constellium by 35.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock worth $41,000 after buying an additional 700 shares in the last quarter. UBS Group AG raised its holdings in shares of Constellium by 138.2% during the 2nd quarter. UBS Group AG now owns 4,519 shares of the industrial products company’s stock worth $59,000 after buying an additional 2,622 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Constellium by 26.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock worth $64,000 after buying an additional 757 shares in the last quarter. West Tower Group LLC raised its holdings in shares of Constellium by 592.9% during the 4th quarter. West Tower Group LLC now owns 4,656 shares of the industrial products company’s stock worth $93,000 after buying an additional 3,984 shares in the last quarter. Finally, Covestor Ltd acquired a new position in shares of Constellium during the 1st quarter worth $110,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.